Users of a government's financial statements should be able to distinguish between the primary government and its component units. Furthermore, an overview of the discretely presented component units should be provided. Accordingly,
a) The government-wide statements provide discrete presentation of component unit data including data for fiduciary component units
b) Condensed financial statements for major component units must be presented in the notes to the basic statements
c) Information about each major component unit must be provided in the reporting entity's basic statements
d) Major component unit information must be provided in the form of combining statements
Answer: C
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Governmental Accounting
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