A Special-Purpose Government That Engages Only in a Single Governmental-Type

Multiple Choice

A special-purpose government that engages only in a single governmental-type program

A) Need not prepare fund financial statements.
B) May combine fund and government-wide statements into a single statement.
C) May present a government-wide income statement in a business format showing expenses deducted from revenues.
D) Should be reported upon as a blended component unit of a general-purpose government.