A purchase of equipment would be reported as anassetin which of the following funds?

A.Enterprise fund

B.Special revenue fund

C.Capital projects fund

D.General fund

A government's financial reporting entity consists of the primary government and:

A.No other organizations

B.All affiliated organizations

C.All component units

D.Blended component units

A county government CAFR includes the activities of the primary government and its component units. Component units can be presented in the financial statements as blended or discrete. Ablendedcomponent unit isleastlikely 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.Adopt its own budget