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In less than 200 words, identify and describe the effects of an accounting change in principle in a company traded on the NYSE (U.S. only).

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GE adopted amendments to ASC 860, Transfers and Servicing, and ASC 810, Consolidation which eliminated QSPE concept and required that all such entities be evaluated for consolidation as VIEs. The company consolidated the assets and liabilities of these entities at amounts at which they would have been reported in financial statements. Additionally, GE deconsolidated certain entities where it did not meet the definition of the primary beneficiary under this revision....
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