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Please give a short answer and GASB codifications relating to the following: Cobb County...

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Accounting

Please give a short answer and GASB codifications relating to the following:

  1. Cobb County enters a four-year contract that provides the local hunting club with the right to use the Cobb Countys land. The hunting club is the only entity that has access rights to the property during hunting season every year during the contract term. Is the hunting rights agreement a lease?
  2. When should a component unit be blended with the primary government (reference a GASB codification).

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