The Statehas a legally separate State Building Authority which has a board appointed bythe Governor. The Authority
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Question:
The Statehas a legally separate State Building Authority which has a board appointed bythe Governor. The Authority issues debtin its own name, holds title to buildings in its own name, and leases itsbuilding exclusively to the State. TheAuthority would be considered a(n)
a) Primarygovernment.
b) Componentunit.
c) Relatedorganization.
d) Affiliatedorganization.
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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