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    Auditing and Assurance
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    Exam 15: Assets, Liabilities and Equity Related to the Financing Cycle
  5. Question
    Variable Interest Entities
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Variable Interest Entities

Question 20

Question 20

Multiple Choice

Variable interest entities:


A) may be accounted for either using consolidation or fair value.
B) often do not specify who has the controlling interest.
C) can be used to shield liabilities from disclosure.
D) All of the above.

Correct Answer:

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