Revenues received during an accounting period increase owner's ...

[kfurse]

Revenues received during an accounting period increase owner's equity.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which of the following potential component units would notbe reported as blended component unit of the county?
 
  A. A hospital which is the primary health care provider for the county residents and whose board is appointed by the county.
  B. A recreation district where the governing board of the county serves as its governing board and the management of the country operates the recreation district.
  C. A financing authority that exclusively serves the county.
  D. A school district whose debt will be repaid by the county.

[kkenney]

Answer to Question 1

True

Answer to Question 2

A

[kfurse]

TYSM

[momolu]

Excellent