Which of the following statements are true of a VIE?
If the vie is a business, it's sponsoring firm will never recognize goodwill
If the entity's equity equals $10,000,000, the expected losses can not exceed $10,000,000
The sponsoring entity may have rights to the VIE's assets or be obligated to absorb its losses
It does not exist when a parent owns 51% of a sub and produces consolidated financials
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