Question
Which of the following statements is used to determine whether a component unit should be classified as major? A) Its assets, liabilities, revenues, or expenses
Which of the following statements is used to determine whether a component unit should be classified as major?
A) Its assets, liabilities, revenues, or expenses are 10 percent or more of the total of all component units.
B) It has a significant financial relationship with the primary government.
C) It is legally separate from the primary government.
D) It is discretely presented.
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Accounting And Financial System Reform In Eastern Europe And Asia
Authors: Robert W. McGee, Galina G. Preobragenskaya
2nd Edition
0387257098, 9780387257099
