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Which is not required to be disclosed by public companies

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Reference no: EM132770467

Problem 1: Which of the following information is not required to be disclosed by public companies?

a. Major customers

b. Major suppliers

c. Lines of products and services

d. Countries in which the company operates

Problem 2: Which of the following statements about the primary beneficiary of a variable interest entity (VIE) is not true?

a. The primary beneficiary controls the resources of the VIE.

b. The primary beneficiary assumes effective responsibility for the liabilities of the VIE.

c. The assets and liabilities of the VIE should be included in the primary beneficiary's consolidated statement of financial position.

d. The primary beneficiary must own shares in the VIE.

Reference no: EM132770467

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