Under GASB Rules for the Financial Reporting Entity

question 15

Multiple Choice

Under GASB rules for the financial reporting entity:

• A) component units are included if the primary government is financially accountable for their operations.
• B) counties are component units of the State Government.
• C) blended and discretely presented component units are to be reported in government-wide financial statements but not in fund financial statements.
• D) component units must be reported in columns (discrete presentation) separate from the funds of a primary government.

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Definitions:

Occipital Lobes

Portion of the cerebral cortex lying at the back of the head; includes areas that receive information from the visual fields.

Temporal Lobes

Portion of the cerebral cortex lying roughly above the ears; includes the auditory areas, each receiving information primarily from the opposite ear.

Motor Cortex

An area at the rear of the frontal lobes that controls voluntary movements.

Association Areas

Regions of the brain that integrate sensory and motor information, involved in higher mental functions such as learning, thinking, and creativity.