Westenhover City is a municipality that has governmental activities,business-type activities,a discrete component unit,and a blended component unit.Which of the following would not properly appear as a specific line item in Westenhover City's government-wide statement of net position?

Question

Quizplus · Accepted Answer

Revenues of the blended component unit are not required to be reported separately in the government-wide statement of net position. Instead, the activities of the blended component unit are combined with the activities of the governmental activities or business-type activities in the government-wide financial statements. The revenues of the discrete component unit and the governmental activities and business-type activities should be reported separately on the government-wide statement of net position.

Westenhover City Is a Municipality That Has Governmental Activities,business-Type Activities,a