Question: With regard to GASB rules for the financial reporting entity, answer the following: a. Define the financial reporting entity. b. Define and give an example

With regard to GASB rules for the financial reporting entity, answer the following:
a. Define the financial reporting entity.
b. Define and give an example of a primary government.
c. Define and give an example of a component unit.
d. Define and describe the two methods of reporting the primary government and component units in the financial reporting entity.

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