Under what circumstances does GASB Statement No. 39 require a primary government to treat an affiliated, tax-exempt organization as a component unit? Would the affiliated organization be blended?
Answer to relevant QuestionsA county has a legally separate parks commission that it reports as a component unit because the county board of commissioners serves as the board of the parks commission and the county can impose its will on the commission. ...Which of the following cases meet the substantively the same governing body criterion? Is this sufficient to indicate that a component unit should be blended in a city’s financial statements instead of discretely ...Indicate where the following financial information for the City of Green Hope would be located within the financial section of their CAFR using the following key:(GW) Government-wide financial statements(FF) Fund financial ...Some VHWOs and ONPOs combine educational and program brochures with their fund-raising mailings and charge part or all of the cost of the mailings to program services. Why? Also, when is this permitted by GAAP?What are “net assets released from restrictions”? How are they reported?
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