The City of Newport Appointed the Original Governing Board of the Newport

Multiple Choice

The City of Newport appointed the original governing board of the Newport Historical Association, at which point the board became self-sustaining. The city has historically (but voluntarily) provided funding for the Association for the past several years. The city of Newport should

A) Not report the Association as a component unit.
B) Report the Association as a blended component unit.
C) Report the Association as discretely presented component unit.
D) Disclose that the Association is a joint venture.