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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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10 years ago
The governing board of the City of Wheaton is also the governing board of Mosquito Abatement District, a business-type activity. A benefit or burden relationship exists between the city and the district.  Which of the following statements regarding the financial reporting options is false?
A.   The District is a blended component unit and is reported in both the fund financial statements and the government-wide financial statements.
B.   The District is not subject to major fund reporting criteria.
C.   The District may be reported in a separate column on the Proprietary Fund financial statements, but would most likely be reported within the business-type activities column in the government-wide financial statements.
D.   The District is not to be reported as a discretely presented component unit.
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Diesel
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f_zah1f_zah1
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