With respect to a component unit that does not satisfy the criteria for blending, the primary government
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With respect to a component unit that does not satisfy the criteria for blending, the primary government
a. Can opt to disclose key financial data about the unit in notes to the basic financial statements rather than in the statements themselves.
b. Must, in its basic governmental fund statements, present detailed financial statements of the unit in a separate column.
c. May, in its government-wide statements, exclude data pertaining to the unit from its component units column.
d. May in its basic governmental fund statements aggregate the statements of the component unit with other component units into a single column.
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Related Book For
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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