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An enterprise that holds a variable interest in variable

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Reference no: EM13370737

An enterprise that holds a variable interest in variable interest entity is required to consolidate assets, liabilities, revenues and expenses, and the non-controlling interest of that entity if:

a. VIE has no voting stock

b. variable interest held by enterprise involves a lease

c. enterprise has controlling financial interesting VIE

d. other equity interests in VIE have obligation to absorb the expected losses of the VIE

Reference no: EM13370737

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