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  3. Study Set
    Essentials of Accounting
  4. Exam
    Exam 2: Overview of Financial Reporting for State and Local Governments
  5. Question
    Special-Purpose Governments Engaged in Business Type Activities Only Are Required
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Special-Purpose Governments Engaged in Business Type Activities Only Are Required

Question 118

Question 118

True/False

Special-purpose governments engaged in business type activities only are required to prepare both proprietary fund and government-wide financial statements.

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