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 form of a trust,partnership,joint venture,corporation,or estate.
Correct Answer:
Verified
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