Required information

Exercise $9-17($Static$)$ Multiple Choice $[$LO $9-1,9-2,9-3,9-4,9-5]$

Skip to question

$[$The following information applies to the questions displayed below.$]$

Choose the best answer.

Exercise $9-17($Static$)$ Part $2$

Raider City has established a legally separate public financing corporation to issue debt for the city$$s capital projects. The corporation$$s debt will be paid by the city. How should the public financing corporation be reported by the city?

Multiple Choice

A debt service fund.

A discretely presented component unit.

A note disclosure indicating a related$-$party relationship.

A blended component unit.