~ ItsMyOption, That Is Correct', That IS "Note 6" As "I've" Presented ~
specified and limited accounting for The last 5 months of 2018 and the full year of 2019' ... and now ?, a continuance of the same accounting practices, into taxing year 2020' ...
here's a "cliff note" version ...
"On July 31, 2018, Wand Merger Corporation, a wholly-owned subsidiary of WMIH merged with and into Nationstar, with Nationstar continuing as a wholly-owned subsidiary of WMIH (the "Merger")."
So Again, our Corporate Structure, being 10-K reported is not YET' an accurate depiction of the entire company, or its values' ... the "Asset Values of WMIH (and its Subsidiaries) ... and the "Registrant" still being used is now actually, an indirect sub of ... "WMIH the Parent Corp", ... and was initially a direct sub of NationStar' ...
and, I'm not sure why this charade is continued as of yesterday's 10-K, only that it is' ... The Company's SEC Filed Registrations tell the accurate information ...
Variable Interest Entities are referred to as Special Purpose Entities in the IAS / IFRS. Examples of establishing a special purpose vehicle are certain transactions such as leasing, asset-backed securities, special funds, as well as for holding assets such as receivables or securities. The point is usually to outsource certain assets or a refinancing from the balance sheet....sounds interesting
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