Explain what VIE’s are and what part did VIE’s play in the collapse of Enron?

Explain what VIE’s are and what part did VIE’s play in the collapse of Enron?

  1. Explain what VIE’s are and what part did VIE’s play in the collapse of Enron?
  2. Does the Walt Disney Company have any VIE’s? Who are they, where are they located and how does the company account for the VIE’s?
  3. Review the following company VIE’s and comment on the accounting application of the entity:
  • General Electric
  • ConAgra Foods
  • Time Warner
  • Allegheny Energy