Question: What is a component unit? Multiple choice question. A component unit is an entity that is legally separate from a primary government and, therefore, is

What is a component unit?
Multiple choice question.
A component unit is an entity that is legally separate from a primary government and, therefore, is not included in its financial reporting.
A component unit is an entity that is not legally separate from a primary government so that it is included in government financial statements
A component unit is an entity that is not legally separate from a primary government but is still excluded from the financial reporting.
A component unit is an entity that is legally separate from a primary government but still included in its financial reporting.

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