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How Should Information About Each Major Discretely Presented Component Unit

Question 26

Multiple Choice

How should information about each major discretely presented component unit be presented in the financial statements?


A) Report only as condensed financial statements reported in the notes to the financial statements.
B) Report only in single column in the government-wide statements.
C) Report only in combining financial statements which are included in the primary government's basic financial statements after the fund financial statements.
D) Report only in a single column in the government-wide statements with condensed financial statements in the notes.

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