According to AcG-15,a company will be required to consolidate its financial statements with those of a VIE if the VIE's owner equity is what percentage of the sponsoring company's total assets?

Question

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According to AcG-15, a sponsoring company will be required to consolidate its financial statements with those of a VIE if the VIE's equity investment is less than 10% of the sponsoring company's total assets. If the VIE's equity investment is greater than or equal to 10% or more of the sponsoring company's total assets, then consolidated financial statements are required. Therefore, the correct answer is (C) less than 10%.

According to AcG-15,a Company Will Be Required to Consolidate Its