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EITF |
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A controversial issue addressed by the EITF is its decision on Issue No. Current authoritative guidance on SPEs and their consolidation can be found primarily in EITF Issue 90-15, EITF Topic D-14, and EITF Issue 96-21. The EITF reached a consensus that the investor should not recognize affordable housing credits in its financial statements before their recognition in the investor's tax return. |
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