Britt County has seven discretely presented component units. Three of the component units are considered "governmental" in nature and the remaining four are considered "business-type" in nature. How many columns for the discretely presented component units would be reported on the General Fund balance sheet?
A) 0.
B) 1.
C) 2.
D) 7.
Correct Answer:
Verified
Q35: In discrete presentation, component unit
A) Funds are
Q36: Substantively the same governing body means that
A)
Q37: In the basic financial statements, separate sets
Q38: Which fund type would be reported in
Q39: If a state has three discretely presented
Q41: Castlewood City School District has a separately
Q42: Information about related party transactions must be
Q43: Assume that a blended component unit of
Q44: Wakefield Village and Wakefield County were partners
Q45: Which of the following scenarios does not
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents