The FASB ASC Subtopic Variable Interest Entities affects thousands of business enterprises that now, as primary beneficiaries, consolidate eneities that qualify as controlled VIEs. Retrieve the annual reports of one or more of the following companies that consolidate VIEs:
The Walt Disney Company
General Electric
ConAgra Foods
Time Warner
Allegheny Energy
Required
Write a brief report that describes
1. The reasons for consolidation of the company's VIE(s).
2. The effect of the consolidation of the VIE(s) on the company's financial statements.