Author Question: Revenues received during an accounting period increase owner's equity. a. True b. False ... (Read 86 times)

kfurse · **on:** Jul 5, 2018

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.