Select the best answer. Blending: o o is required even when the governing body of the component unit is significantly different from A. the governing body of the primary government. B. requires component unit data to be included in both the fund financial statements and the government wide financial statements. C. is the method used to report most component units in most governments' financial reports. O permits data from several component units to be aggregated in a single column in a D. government's financial statements that are presented separate from the financial information for the primary government. Submit Ans Select the best answer A government received (in cash) a grant of $800,000 restricted to a specific general government program. No expenditures were incurred for the program in the year that the grant was received. Seven-hundred and fifty- thousand dollars of qualifying expenditures were incurred under the grant provisions in the next fiscal year. What amount of grant revenues should the government report in each of the two years, respectively? A. $0 and $750,000 O B. $0 and $800,000 e C. $400,000 and $400,000 D. $800,000 and $0 Submit Answers Select the best answer Which of the following financial statements may report discretely presented component units? O A. Fiduciary funds financial statements B. Government-wide financial statements C. Governmental funds financial statements D. Proprietary funds financial statements Submit Ans