If a governmental entity has a blended component unit, the note disclosures should include all of the following except

Question

Quizplus · Accepted Answer

The note disclosures for a blended component unit should include information on how the component unit met the blending criteria, a statement identifying the component unit as being blended, and information on how to access separately issued external financial statements. However, the number of component unit governing board members is not a required disclosure.

If a Governmental Entity Has a Blended Component Unit, the Note