Author Question: If a state has three discretely presented component units, two of which are governmental in nature ... (Read 82 times)

shofmannx20 · **on:** Jul 5, 2018

If a state has three discretely presented component units, two of which are governmental in nature and one of which is business-type in nature, what is the minimum number of discretely presented component unit columns that can be r

government-wide statements?
A. 0.
B. 1.
C. 2.
D. 3.

Question 2

What effect will the following adjusting journal entry have on the accounting records? Depreciation Expense 2,150 Accumulated Depreciation 2,150
a. Increase net income
b. Increase revenues
c. Decrease expenses
d. Decrease net book value