A state college treats the university foundation as a component unit in accordance with GASB Statement No.

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A state college treats the university foundation as a component unit in accordance with GASB Statement No. 39.The college is a component unit of the state. The foundation would be included in the state reporting entity

a. only if financially accountable to the state government.

b. only if fiscally dependent on the state.

c. under no circumstances.

d. regardless of other facts.

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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Question Posted: Feb 24, 2024 05:01 AM

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A state college treats the university foundation as a component unit in accordance with GASB Statement No.

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Governmental And Nonprofit Accounting Theory And Practice

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