Question: Identify the true statement regarding transactions between the primary government and its component units. Multiple choice question. Transactions that involve blended component units should be

Identify the true statement regarding transactions between the primary government and its component units. Multiple choice question. Transactions that involve blended component units should be reported as revenues and expenses Transactions that involve blended component units follow the same standards as for reciprocal and nonreciprocal interfund activities. Transactions that involve discretely presented component units follow the same standards as for reciprocal and nonreciprocal interfund activities

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