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Business, 29.10.2019 01:31 cassie2021

On january 1, 2018, primair corporation loaned vista company $300,000 and agreed to guarantee all of vista’s long-term debt in exchange for (1) decision-making authority over all of vista’s activities and (2) an annual cash payment of 25 percent of vista’s revenues. as a result of the agreement, primair is the primary beneficiary of vista (a variable interest entity). primair’s loan to vista stipulated a 7 percent (market) rate of interest to be paid annually.

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