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Indicate the financial reporting rules for each of the following special-purpose entities which category of special-purpose entity), and indicate the financial statements that would be required:
a. A township that assesses property for taxation, provides road maintenance, and provides welfare assistance.
b. A fire protection district that engages in protection of property in unincorporated areas from fires.
c. An independent tollway authority, not the component unit of any other government.
d. An independent statewide pension plan.
e. A public college.
Telecom Company
A company that provides telecommunications services such as phone, internet, and cable television to customers.
Branded Watches
Timepieces produced and marketed by well-known companies that often symbolize status, quality, and craftsmanship.
Socialized Charismatic
A leadership style characterized by individuals who are influential, inspiring, and selflessly promote the welfare of the group or organization over their own interests.
IT Security Firm
A company specializing in protecting computer systems, networks, and data from digital attacks, unauthorized access, and other cyber threats.
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Q111: When a private college is the recipient