An entity can be a component unit of how many primary governments in the same fiscal year?
A)1
B)2
C)3
D)4 or more

Question

Quizplus · Accepted Answer

An entity can only be a component unit of one primary government in the same fiscal year. Component units are entities that are legally separate from the primary government but are still closely connected and can have an impact on the primary government's financial statements.

An Entity Can Be a Component Unit of How Many