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A water district is administered by a separately elected board. The board has no power to levy taxes or issue bonds. The board is substantively
A water district is administered by a separately elected board. The board has no power to levy taxes or issue bonds. The board is substantively the same as the county that approves the water district's budget. The county
Should use the blending method to report the water district's financial results.
Should not report the district's financial results using the discrete method or the blending method.
May report the water district's financial results using the discrete method or the blending method.
Should discretely present the water district's financial results.
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
12th edition
1119386209, 978-1119299349, 1119299349, 1119186331, 978-1119186335, 978-1119386209
