Which one is wrong? A VIE is an entity whereby any of the following conditions are met: A. Insufficient at-risk equity investment. B. Shareholders lack decision-making rights. C. Shareholders absorb losses. D. Shareholders do not receive residual benefits.
C is correct, thumbs up for you. Shareholders do NOT absorb losses.
C for shizzzle…
^oops…late but correct…sigghh