Which of the following groups would probably not be considered a component unit of a special-purpose government, for the purposes of applying GASB Statement 39?
A) A university foundation
B) A hospital auxiliary
C) A museum foundation
D) A high school band booster club

Question

Quizplus · Accepted Answer

The high school band booster club would not be considered a component unit of a special-purpose government, as it is not a legally separate organization created by the government and it does not have a financial relationship with the government. The other options are all examples of organizations that could potentially be considered component units, as they may be legally created by the government and/or have a financial relationship with the government.

Which of the Following Groups Would Probably Not Be Considered