Question: If a discrete presentation is used for the financial data of a component unit in the statement of net assets of a governmental financial reporting

If a discrete presentation is used for the financial data of a component unit in the statement of net assets of a governmental financial reporting entity, there is no need for the component unit to issue a separate financial report.” Is this statement true or false? What other method may be allowed to include a component units financial information with that of the reporting entity?

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