An enterprise that holds a variable interest in a variable intrest entity (VIE) is required to consolidate the assets, liabilities, revenues, expenses, and non controlling interest of that entity if:

A) the VIE has issued no voting stock
B) The variable interest hod by the enterprise involves a lease
C) the enterprise has a controlling financial interest in the VIE
D) Other equity interest in the VIE have the obligation to absorb the expected losses of the VIE

Answer: C) the enterprise has a controlling financial interest in the VIE