In a case where the majority of the board is appointed by the primary government, which additional
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In a case where the majority of the board is appointed by the primary government, which additional criterion must be met for an entity to be classified as a component unit?
1. The primary government can impose its will.
2. There is a financial benefit relationship with the primary government.
3. There is a financial burden relationship with the primary government.
4. Any of the above.
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Related Book For
Fundamentals Of Governmental Accounting And Reporting
ISBN: 9781119736660
1st Edition
Authors: Bruce W. Chase
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