Gasb rules for the financial reporting entity


With regard to GASB rules for the financial reporting entity, answer the following:

a. Define the financial reporting entity.

b. Define and give an example of a primary government.

c. Define and give an example of a component unit.

d. Define and describe the two methods of reporting the primary government and component units in the financial reporting entity.

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Accounting Basics: Gasb rules for the financial reporting entity
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