What is Component unit ?
Component unit meaning This term applies to GASB institutions only. A component unit is a legally separate organizations for which the governing board and/or management of the primary institution is financially accountable. It can be another organization for which the nature and significance of its relationship with a primary institution is such that exclusion would cause the primary institution’s financial statements to be misleading or incomplete.
reference: IPEDS Data Collectrion System – Glossary