How does discrete presentation differ from blending? When is each appropriate?
Answer to relevant QuestionsWhat is the primary deﬁciency of discrete presentation as it must be applied in government-wide statements?Why might analysts be concerned if a government has an unusually high ratio of intergovernmental revenues to total revenues relative to a comparable government? Why might they be concerned if the same ratio is unusually low?A city is considering whether and how it should include the following associated organizations in its reporting entity.1. Its school system, although not a legally separate government, is managed by a school board elected ...The following data were drawn from the CAFRs of two northern Virginia cities (all dollar amounts are in thousands):a. Per capita total general-fund taxes?b. Per capita property taxes?c. Tax rate (i.e., property taxes as a ...Newville City accounts for and reports on the Newville Housing Authority as a discretely presented component unit. It engages in numerous transactions with the housing authority (e.g., providing grants and occasionally ...
Post your question