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Unformatted text preview: Manufacturing and will be made regardless of whether or not the product is developed to our specifications. Simons Software has no equity in Young however the contract does give us a seat on their board of directors. The problem we face is how to properly disclose this contract on our financial statements. How should we handle this contract and would this be considered a Variable Interest Entity? We appreciate your opinion on this matter. Please respond promptly. Thank you for your time. Natalie Simons Financial Controller...
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This note was uploaded on 12/12/2010 for the course ACCT 307 taught by Professor Murray during the Spring '10 term at Central Texas College.
- Spring '10