contestada

Balsam City's library board is appointed by the city council, which has agreed to subsidize the operating costs of the library at a material amount to be determined each year. In addition, the city is paying debt service on general obligation bonds issued to construct the library. Based on generally accepted accounting principles (GAAP) criteria for defining the reporting entity:_______.A. The library is a component unit.B. The library is a special purpose government.C. The library is a joint venture.D. The library is a jointly governed organization.

Respuesta :

osondumartins

Answer:.A. The library is a component unit.

Explanation: Library is a place where books are collected and kept for the use of students and other interested persons,this books collection can be in soft copies and hard copies.

Most modern libraries have internet facilities which helps the users to gain a better access to a wide range of books.

According to the GAAP(GENERALLY ACCEPTED ACCOUNTING PRINCIPLES) THE BALSAM CITY'S LIBRARY REPORT IS A COMPONENT UNIT

Otras preguntas