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

question 63

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 that are engaged in a single governmental-type activity may combine the fund and government-wide financial statements.
• C) Special-purpose governments engaged in only one business-type activity have to prepare government-wide financial statements.
• D) Special-purpose governments must be stand-alone local governments.

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