Through an Internet search, find at least 10 different examples of reporting entity note disclosures from available
Question:
Through an Internet search, find at least 10 different examples of reporting entity note disclosures from available CAFRs. Provide a mixture of both blended and discretely presented component units. Provide a brief analysis of your findings using the following questions as a guide:
1. How many discretely presented component units did you identify? Did the report indicate why the entity was a component unit? For what reason(s) was the component unit discretely presented?
2. How many blended component units did you identify? For what reason(s) was the component unit blended?
3. Describe the different reporting options used in the government-wide financial statements for the discretely presented component units that you identified. Why do you think the reporting governments chose the reporting methods that they did?
Step by Step Answer:
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,