A primary government should blend its financial statements with those of a component unit if a. The

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A primary government should "blend" its financial statements with those of a component unit if
a. The governing boards of the two governments are substantively the same.
b. There is a financial benefit/burden relationship between the two governments.
c. The primary government provides services exclusively to the component unit.
d. The two governments satisfy GASB Statement No. 14 criteria for "economic inseparability."

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Government And Not For Profit Accounting Concepts And Practices

ISBN: 9781119803898

9th Edition

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese

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