Problem
Using the Internet, access the homepage of a US publicly owned company of your choice and download its most recent SEC Form 10K report. The SEC filings are usually available on an Investors Relations link.
Review the MD & A Management's Discussion & Analysis and Notes to the Consolidated Financial Statements and find at least three citations that identify and explain that company's VIE variable interest entities. Kroger
A. Identify the VIE.
B. Explain what makes the reporting company a primary beneficiary.
C. Where and how is the VIE reported in the financial statements?
D. What FASB ASC codification references are included in the explanations about the VIE?