Mention the incentive that the reporting company will be required to qualify for its variable interest of the legal entity with respect to the exception of the business related scope in FASB ASC 810.

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General accounting question

Answer 1

Question

Chapter 6, Problem 42E

a.

To determine

Mention the incentive that the reporting company will be required to qualify for its

variable interest of the legal entity with respect to the exception of the business related

scope in FASB ASC 810.

b.

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity.

c

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity which is a joint venture and explain the

reason for it.

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Answer 2

Question

Chapter 6, Problem 42E

a.

To determine

Mention the incentive that the reporting company will be required to qualify for its

variable interest of the legal entity with respect to the exception of the business related

scope in FASB ASC 810.

b.

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity.

c

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity which is a joint venture and explain the

reason for it.

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Answer 3

Question

Chapter 6, Problem 42E

a.

To determine

Mention the incentive that the reporting company will be required to qualify for its

variable interest of the legal entity with respect to the exception of the business related

scope in FASB ASC 810.

b.

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity.

c

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity which is a joint venture and explain the

reason for it.

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Answer 4

Question

Chapter 6, Problem 42E

a.

To determine

Mention the incentive that the reporting company will be required to qualify for its

variable interest of the legal entity with respect to the exception of the business related

scope in FASB ASC 810.

b.

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity.

c

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity which is a joint venture and explain the

reason for it.

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Answer 5

Chapter 6, Problem 42E

a.

To determine

Mention the incentive that the reporting company will be required to qualify for its

variable interest of the legal entity with respect to the exception of the business related

scope in FASB ASC 810.

b.

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity.

c

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity which is a joint venture and explain the

reason for it.

Answer 6

Chapter 6, Problem 42E

a.

To determine

Mention the incentive that the reporting company will be required to qualify for its

variable interest of the legal entity with respect to the exception of the business related

scope in FASB ASC 810.

Answer 7

Chapter 6, Problem 42E

a.

To determine

Mention the incentive that the reporting company will be required to qualify for its

variable interest of the legal entity with respect to the exception of the business related

scope in FASB ASC 810.

Answer 8

b.

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity.

Answer 9

b.

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity.

Answer 10

c

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity which is a joint venture and explain the

reason for it.

Answer 11

c

To determine

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity which is a joint venture and explain the

reason for it.

Answer 12

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Ch. 6 - Prob. 1Q Ch. 6 - Prob. 2Q Ch. 6 - Prob. 3Q Ch. 6 - Prob. 4Q Ch. 6 - Prob. 5Q Ch. 6 - Prob. 6Q Ch. 6 - Prob. 7Q Ch. 6 - Prob. 8Q Ch. 6 - Prob. 9Q Ch. 6 - Prob. 10Q

Mention the incentive that the reporting company will be required to qualify for its variable interest of the legal entity with respect to the exception of the business related scope in FASB ASC 810.

Mention the incentive that the reporting company will be required to qualify for its variable interest of the legal entity with respect to the exception of the business related scope in FASB ASC 810.

Mention that the reporting firm will qualify for the exception relating to the business assuming the chairman of the reporting company's board of directors has worked with an investment bank to form the legal entity.

Mention that the reporting firm will qualify for the exception relating to the business assuming the chairman of the reporting company's board of directors has worked with an investment bank to form the legal entity which is a joint venture and explain the reason for it.

Chapter 6 Solutions

Mention the incentive that the reporting company will be required to qualify for its

variable interest of the legal entity with respect to the exception of the business related

scope in FASB ASC 810.

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity.

Mention that the reporting firm will qualify for the exception relating to the business

assuming the chairman of the reporting company's board of directors has worked with

an investment bank to form the legal entity which is a joint venture and explain the

reason for it.