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

question 101

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 governmental-type activity only have to prepare fund-basis financial statements.
• C) GASB Statement 35 indicates that public higher education institutions may choose to report as business-type activities.
• D) GASB Statement 39: Determining Whether Certain Organizations Are Component Units applies only to public educational institutions.

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Definitions:

Analogies

Comparisons between two things, typically for the purpose of explanation or clarification.

Multicultural Worker

One who can work effectively with people of different cultures.

Ethnic Cuisine

Ethnic Cuisine pertains to the foods and culinary practices associated with a particular cultural or national heritage.

Organizational Diversity

The inclusion and representation of different demographic backgrounds, cultures, perspectives, and ideas within a workplace.