Which of the Following Is Not Correct with Respect to Special

question 88

Multiple Choice

Which of the following is not correct with respect to special purpose governments that are engaged in only one governmental-type activity?

• A) Special purpose governments that are engaged in only one governmental-type activity may combine fund and government-wide financial statements if it shows the reconciliation between the two on the face of the statements.
• B) Special purpose governments that are engaged in only one governmental-type activity must include required supplementary information as part of its reporting requirement.
• C) Special purpose governments that are engaged in only one governmental-type activity are required to include notes to the financial statements for the government-wide statements only.
• D) Special purpose governments that are engaged in only one governmental-type activity must present required supplementary information as part of its reporting requirement.

---

Definitions:

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as the quantity of output produced changes.

Demand Curve

It graphically represents the relationship between the price of a good and the quantity demanded by consumers, typically depicting an inverse relationship.

Elastic

A term describing how much the quantity demanded or supplied of a good changes in response to a change in price; highly responsive quantities are considered elastic.

Pizzerias

Establishments that specialize in preparing and serving various types of pizzas to customers.