Under GASB Rules for the Financial Reporting Entity

Multiple Choice

Under GASB rules for the financial reporting entity:

A) Component units must be reported in columns discrete presentation separate from the funds of a primary government.
B) Counties are component units of the State Government.
C) Blended and discretely presented component units are to be reported in government-wide financial statements but not in fund financial statements.
D) Component units are included if the primary government is financially accountable for their operations.