Which of the following entities is least likely to be included as a blended component unit in a county government’s financial statements? a.County library, funded by general obligation bonds b.Tobacco settlement financing authority, whose board members are appointed by the county c.County water authority, funded by debt secured by water revenues d.County building authority, whose board members are appointed by the county

Answered: Which of the following entities is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which of the following entities is least likely to be included as a blended component unit in a county government’s financial statements?

	a.	County library, funded by general obligation bonds
	b.	Tobacco settlement financing authority, whose board members are appointed by the county
	c.	County water authority, funded by debt secured by water revenues
	d.	County building authority, whose board members are appointed by the county

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Step 1

Correct option is (a) County library, funded by general obligation bonds is likely to be included in the blended component unit in the county government's financial statements.

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