A county government annual report includes the activities of the primary government and its component units. Component

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A county government annual report includes the activities of the primary government and its component units. Component units can be presented in the financial statements as blended or discrete. A discrete component unit is most likely to

a. have the same governing body as the primary government.

b. exist to provide services to the primary government.

c. issue bonds for which the component unit is financially obligated.

d. receive funding mostly from endowments from county citizens.

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Advanced Accounting

ISBN: 978-1618531513

3rd Edition

Authors: Susan S. Hamlen

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