Which of the Following Statements Is False Concerning Variable Interest

Multiple Choice

Which of the following statements is false concerning variable interest entities (VIEs) ?

A) Sometimes VIEs do not have independent management.
B) Most VIEs are established for valid business purposes.
C) VIEs may be formed as a source of low-cost financing.
D) VIEs have little need for voting stock.
E) A VIE cannot take the legal form of a partnership or corporation.