Which of the Following Statements Is True of a Special-Purpose

question 31

Multiple Choice

Which of the following statements is true of a special-purpose government?

• A) Special-purpose governments that are engaged in more than one governmental-type activities can combine the fund and government-wide financial statements.
• B) Special-purpose governments engaged in only one business-type activity have to prepare government-wide financial statements.
• C) Special-purpose governments that are engaged in a single governmental-type activity may combine the fund and government-wide financial statements.
• D) GASB Statement 39: Determining Whether Certain Organizations Are Component Units applies only to public educational institutions.

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Definitions:

Woven Carpets

Textile floor coverings made by interlacing threads or yarns through a variety of techniques; an ancient craft notable for its artistic and cultural significance across many societies.

Sacred Spaces

Places designated for spiritual worship or religious rituals, which may include temples, churches, mosques, and other structures devoted to spiritual or ceremonial purposes.

Narrative Scenes

Artistic representations intended to tell a story, depicting events from literature, history, religion, or everyday life.

Brass Vessel

A container made of brass, an alloy of copper and zinc, used historically for various purposes, including cooking, storage, and religious rituals.