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Explain the reasons for consolidation of the companys vie

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Question

Variable interest entities affect thousands of business enterprises that now, as primary beneficiaries, consolidate entities that qualify as controlled variable interest entities (VIEs). Retrieve the annual reports of one or more of the following companies (or any others you may find) that consolidate VIEs:

The Walt Disney Company

General Electric

Allegheny Energy

Explain the reasons for consolidation of the company's VIE(s).

Explain the effect of the consolidation of the VIE(s) on the company's financial statements.

Reference no: EM132379319

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