20. An employment agency for the handicapped works closely with the City of Hanover. The employment agency

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20. An employment agency for the handicapped works closely with the City of Hanover. The employment agency is legally separate from the city but still depends on it for financial support. How should Hanover report the employment agency in its comprehensive annual financial report?

a. Not at all because the agency is legally separate.

b. As a part of the General Fund.

c. As a component unit.

d. As a related organization.

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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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