When operations of component units of government are blended with the primary government unit, they are reported by
A)a separate column on the General Purpose Financial Statements of the primary governmental unit
B)a disclosure in a footnote to the primary government unit General Purpose Financial Statements
C)Not reported or disclosed separately from the primary governmental unit
D)a separate set of general purpose financial statements

Question

When operations of component units of government are blended with the primary government unit, they are reported by
A)​a separate column on the General Purpose Financial Statements of the primary governmental unit
B)​a disclosure in a footnote to the primary government unit General Purpose Financial Statements
C)​Not reported or disclosed separately from the primary governmental unit
D)​a separate set of general purpose financial statements

Quizplus · Accepted Answer

A footnote disclosure is required for blended component units.

When Operations of Component Units of Government Are Blended with the Primary