Under the U

Multiple Choice

Under the U.S.accounting rules, the following conditions were required to consider special purpose entities (SPEs) to be independent parties:

A) Independent investment of less than 3% of the SPE's equity and independent control of the SPE
B) Independent investment of at least 3% of the SPE's equity and independent control of the SPE
C) Substantive investment of at least 3% of the SPE's equity and independent control of the SPE
D) Independent investment of at least 3% of the SPE's assets at risk and independent control of the SPE
E) Substantive investment of less than 3% of the SPE's assets at risk and independent control of the SPE