Accounting for Governmental and Nonprofit Entities 15th Edition by Earl Wilson,Jacqueline Reck,Susan Kattelus

Exercise 5

"If a discrete presentation is used for the financial data of a component unit in the statement of net assets of a governmental financial reporting entity,there is no need for the component unit to issue a separate financial report." Is this statement true or false What other method may be allowed to include a component unit's financial information with that of the reporting entity