Question: Under GASB rules for the financial reporting entity: Counties are component units of the State Government. Blended and discretely presented component units are to be

Under GASB rules for the financial reporting entity:
Counties are component units of the State Government.
Blended and discretely presented component units are to be reported in government-wide fnancialstatements but not in fund fnancial statements.
Component units must be reported in columns (discrete presentation) separate from the funds of aprimary government.
Component units are included if the primary government is fnancially accountable for theiroperations.

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