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Which of the following is true regarding GASB's definition of the financial reporting entity? Multiple...

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Accounting

Which of the following is true regarding GASB's definition of the financial reporting entity?
Multiple Choice
The financial reporting entity might include a primary government, component units, joint ventures, or a jointly governed
organization.
Primary governments may be general-purpose governmenta (such as states, cities, and counties) or special-purpose
governments that have separately elected governing bodies, are legally separate and are fiscally independent of other state
or local governments.
Blending is used to incorporate component units when those component units are, in substance, part of the primary
government.
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