Question
A regional transit authority is a component unit of the County in which it is located in accordance with GASB requirements. The County is not
A regional transit authority is a component unit of the County in which it is located in accordance with GASB requirements. The County is not deemed to be an includable component unit of the state in which it is located.
| a. | The regional transit authority must be included in the County's financial reporting entity | |
| b. | The regional transit authority ("RTA") is includable in the state's financial reporting entity if it (RTA) is both financially accountable to the County and fiscally dependent upon the County | |
| c. | The regional transit authority Is includable in the County's financial reporting entity only if the County has the ability to impose its will on it. | |
| d. | The regional transit authority is not included in the County's financial reporting entity since the County is not a component unit of the state |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
