If a Primary Government Reports a Discretely Presented Component Unit

question 4

Multiple Choice

If a primary government reports a discretely presented component unit, then the primary government must

• A) Prepare two separate Management's Discussion and Analyses.
• B) Prepare two sets of note disclosures.
• C) Include the financial information of the discretely presented component unit in the government-wide financial statements.
• D) Include information related to the discretely presented component unit within the statistical section of the CAFR.

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Definitions:

Social Responsibility

Social responsibility is the commitment of individuals, groups, or entities to act in a way that benefits society at large, beyond their own interests.