All of the Following Statements Accurately Describe Special Purpose Entities

Multiple Choice

All of the following statements accurately describe Special Purpose Entities (SPEs) except for:

A) SPEs are corporations, trust or partnerships created for a single specified purpose.
B) SPEs usually have no substantive operations and are used for financing operations.
C) SPEs are used for asset securitization, risk sharing and taking advantage of tax statues.
D) A variable interest entity (VIE) is a type of SPE with a limited number of equity investors.