Which of the following criteria must be met for a public university to report affiliated organizations as component units?
I.The university is entitled to access those resources
II.The economic resources are significant to the component
III.The economic resources received or held are almost entirely for the direct benefit of the university
A)I only
B)I & II only
C)III only
D)II only
E)I, II, & III

Question

Quizplus · Accepted Answer

All three criteria (I, II, and III) must be met for a public university to report affiliated organizations as component units. The university must be entitled to access the resources, the economic resources must be significant to the component, and the economic resources received or held must be almost entirely for the direct benefit of the university.

Which of the Following Criteria Must Be Met for a Public