Posted: 08 Apr 2009 at 11:47 | IP Logged
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agarcia255 wrote:
1) blended
2) discrete
Correct me if I'm wrong. Thanks.
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Correct, agarcia255.
However, I have a query ! In the first question, it is said that the board of education is not organized as a separate legal entity. Thus, how it could be a component unit?
whereas, test for component unit is that "A component unit of the primary government is a legally separate organization for which the elected officials of the primary government are financially accountable"
Thanks for any inputs !
__________________ Divya - CO State
Passed using Becker Review :
FAR - 04/11/09 - 94
BEC - 05/30/09 - 86
REG - 08/29/09 - 95
AUD - 11/21/09 - 92
Ethics - 2011
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