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Which of statements is true about component unit information

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Reference no: EM132782617

Problem 1: Which of the following statements is true about component unit information in the financial statements of a reporting entity, such as a city?

Select one:

A. The blended method of presentation must be used such that component unit information is "merged: in with similar information about the primary government.

B. Component unit information is displayed only in the notes to the financial statements.

C. The discrete method of presentation must be used so that there is a component unit column in the financial statements.

D. A component unit is one for which the primary government has financial accountability.

Reference no: EM132782617

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