Which of the following groups would not be considered a component unit of a special-purpose government,for the purposes of applying GASB Statement 39: Determining Whether Certain Organizations Are Component Units?
A) A university foundation.
B) A hospital auxiliary.
C) A museum foundation.
D) A high school band booster club.

Question

Quizplus · Accepted Answer

As a high school band booster club is not a separate legal entity or organization, it would not be considered a component unit of a special-purpose government for the purposes of applying GASB Statement 39. However, all of the other choices (A, B, and C) are separate legal entities that may meet the criteria to be considered component units.

Which of the Following Groups Would Not Be Considered a Component