The FASB ASC Subtopic â€œVariable Interest Entitiesâ€ affects thousands of business enterprises that now, as primary beneficiaries, consolidate entities that qualify as controlled VIEs. Retrieve the annual reports for the Walt Disney Company which consolidate VIEs:
in one paragraph for each answer the following:
- The reasons for consolidation of the companyâ€™s VIE(s).
- The effect of the consolidation of the VIE(s) on the companyâ€™s financial statements.
the link to the is annual reports in 2018 for the Walt Disney Company