Question
The Statehas a legally separate State Building Authority which has a board appointed bythe Governor. The Authority issues debtin its own name, holds title to
The Statehas a legally separate State Building Authority which has a board appointed bythe Governor. The Authority issues debtin its own name, holds title to buildings in its own name, and leases itsbuilding exclusively to the State. TheAuthority would be considered a(n)
a) Primarygovernment.
b) Componentunit.
c) Relatedorganization.
d) Affiliatedorganization.
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Correct answer Component unit The authority would be considered a Component u...
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Governmental and Nonprofit Accounting
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
10th edition
132751267, 978-0132751261
