If the VIE was not a business as defined by ASC 819-10-20 which means it is likely a not for profit entity, there is no goodwill recorded.
Correct Answer:
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Q1: The consolidation process for VIE's includes the
Q3: Income of the consolidated company is distributed
Q4: In a VIE, the majority of losses
Q5: The accounts of the VIE are adjusted
Q6: The primary beneficiary does not consolidate its
Q7: Consolidation procedures are applied to controlling ownership
Q8: The primary beneficiary has control of the
Q9: The primary beneficiary will likely record its
Q10: The entity having control of a VIE
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