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

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Definitions:

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