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The State Has a Legally Separate State Building Authority Which

question 4

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The State has a legally separate State Building Authority which has a board appointed by the Governor.The Authority issues debt in its own name, holds title to buildings in its own name, and leases its building exclusively to the State.In what manner would the Authority be included in the State's Basic Financial Statements?

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Definitions:

Purchasing Products

The process of acquiring goods or services to fulfill the needs or requirements of a business or consumer.

Resale

The act of selling a product or service to another party after it has been purchased from the original seller.

Transactional Function

A business activity that involves the buying and selling of goods and services, including all processes that enable these transactions.

Automakers

Companies that manufacture automobiles.

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