some ac counting theorists propose that firms should consolidate any entity in which 4374304

Some ac-counting theorists propose that firms should consolidate any entity in which they have a “controlling financial interest.” Typically, the percentage of equity ownership that one firm has in another entity determines whether consolidation is appropriate, with greater than 50 percent ownership requiring consolidation. Why is the percentage of ownership criterion often not appropriate for judging whether a variable-interest entity should be consolidated, and what criterion is used to determine whether a variable-interest entity should be consolidated? View Solution:
Some ac counting theorists propose that firms should consolidate any entity

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