Which of the following is a true statement about a government financial reporting entity?
a. if it includes discrete component unit(s) it cannot also include blended component unit(s)
b. if it includes blended component unit(s) it cannot also include discrete component unit(s)
c. it cannot include more discrete component units than blended component units
d. it can include both blended and discrete component units
d
Business
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One British pound can be purchased for $1.80. What is the exchange rate in terms of pounds per dollar?
A) £0.451 B) £0.491 C) £0.526 D) £0.556
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Financial accounting standards influence the behavior of managers and other internal users
Indicate whether the statement is true or false.
Business