Which of the following is true regarding component units?
A) Component units could include towns, school districts, counties, and municipalities.
B) Component units may be reported discretely in the government-wide statements or may be blended as a fund in the fund financial statements (and thus also included in the government-wide financial statements).
C) Both of the above.
D) Neither of the above.

Question

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The Answer of Which of the following is true regarding component units?
A) Component units could include towns, school districts, counties, and municipalities.
B) Component units may be reported discretely in the government-wide statements or may be blended as a fund in the fund financial statements (and thus also included in the government-wide financial statements).
C) Both of the above.
D) Neither of the above.

Which of the Following Is True Regarding Component Units