All VIEs must be consolidated.

Name: All VIEs must be consolidated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Not all Variable Interest Entities (VIEs) must be consolidated. The requirement to consolidate a VIE depends on whether an entity has the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.

All VIEs Must Be Consolidated