Which of the Following Is True Regarding Component Units

question 18

Multiple Choice

Which of the following is true regarding component units?

• A) Component units could include towns, school districts, counties, and municipalities.
• B) Component units may be reported discretely in the government-wide statements or may be blended as a fund in the fund financial statements (and thus also included in the government-wide financial statements).
• C) Both of the above.
• D) Neither of the above.

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