Which of the Following Is False Regarding the Financial Reporting

question 78

Multiple Choice

Which of the following is false regarding the financial reporting entity of a state or local government?

• A) Many component units are discretely presented, rather than blended.
• B) Only a primary government is reported in the government-wide statements.
• C) A school district can be a primary government.
• D) Both B and C are false

---

Definitions:

Feitorias

Portuguese trade posts or forts established primarily along the coasts of Africa and Asia for the purposes of trade, exploration, and colonial expansion.

Navigational Technology

Tools and systems used to determine the position and course of ships, aircraft, and other vehicles, increasingly based on GPS and other advanced technologies.

Portuguese

Refers to people from Portugal or of Portuguese descent, as well as the language spoken in Portugal and some regions of Africa, Asia, and South America.

Ottoman Turks

Members of the Ottoman Empire, a historically powerful Turkish state that existed from around 1299 to 1922, spanning parts of Europe, Asia, and Africa.