$4$ Consider the difference between a blended and a discretely presented component unit and how each is reported. Then

select all of the true statements below.

Check All That Apply

Component units for which the primary government is financially accountable are reported in one of

two ways$-$through blended or discrete presentation

If a component unit is to be blended, its financial data will always be reported as a fund type and

incorporated into the appropriate activities column on the government$-$wide financial statements.

A discretely presented component unit is not as closely aligned with the primary government as a

blended component unit. It is more independent in one or more of the areas that were identified when

considering whether a component unit should be blended.

A blended component unit is one that is an integral part of the primary government, which can be

demonstrated through factors such as common governing boards, financial benefit$/$burden

relationships, operations that primarily provide services$/$benefits to the primary government, and$/$or

component unit debt that is expected to be paid by the primary government.