The General Fund data for a blended component unit should be reported as a special revenue fund of the primary government.

Question

Quizplus · Accepted Answer

The General Fund data for a blended component unit should be reported as a special revenue fund of the primary government, as it is considered a part of the primary government's financial reporting entity. Blended component units are legally separate entities but have a close relationship with the primary government, with the primary government being the primary beneficiary of its services, finances, or operations. As such, the financial data of a blended component unit is reported as a part of the primary government's financial statements.

The General Fund Data for a Blended Component Unit Should