Multiple Choice
When a primary beneficiary's consolidation of a variable interest entity (VIE) is appropriate,the amounts of the VIE to be consolidated are:
I.Book values for assets and liabilities transferred by the primary beneficiary.
II.Fair values when the primary beneficiary relationship became established.
A) I
B) II
C) Both I and II
D) Neither I nor II
Correct Answer:
Verified
Correct Answer:
Verified
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