The FASB Codification User name is aaa64830; password is h5hCH4X. This is good through 8.31.2017.
Research Assignment #3 Research Problem 17-5 in the GASB Codification database. Reporting entity. Define a financial reporting entity. Give an example of a primary government. Define and give an example of a component unit. Explain the two methods of reporting the primary government and component units in the financial reporting entity and when each is required. Key words might include primary government, component units, etc. Find out how the primary government is affected; like if a city operates a hospital; are the entities blended or reported on separately?
Minimum length: 1 page, double spaced.+