Under GASB Rules for the Financial Reporting Entity

Multiple Choice

Under GASB rules for the financial reporting entity:

A) Component units are included if the primary government is financially accountable for their operations
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 must be reported in columns (discrete presentation) separate from the funds of a primary government