Which of the following statements about variable interest entities (VIE) is false?
A) Under GAAP,a VIE may be a corporation,partnership,limited liability company or trust.
B) Under GAAP,pension plans are excluded from VIE accounting.
C) A potential VIE must be a separate entity,not a subset,branch or division of another entity.
D) VIEs do not require the identification of a primary beneficiary.
Correct Answer:
Verified
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