Author Question: If a primary government reports a discretely presented component unit, then the primary government ... (Read 45 times)

LCritchfi · **on:** Jul 5, 2018

If a primary government reports a discretely presented component unit, then the primary government must

A. Prepare two separate Management's Discussion and Analyses.
B. Prepare two sets of note disclosures.
C. Include the financial information of the discretely presented component unit in the government-wide financial statements.
D. Include information related to the discretely presented component unit within the statistical section of the CAFR.

Question 2

The principal accounting officer of a company is called a public accountant.
a. True
b. False
Indicate whether the statement is true or false