Which of the Following Is True Regarding the Reporting of Special

Multiple Choice

Which of the following is true regarding the reporting of special purpose governments?

A) Special purpose governments are to prepare the same financial statements as general-purpose governments, in all cases.
B) Special purpose governments that are governmental in nature and have more than one governmental program are allowed to prepare the governmental fund financial statements only.
C) Special purpose governments that are governmental in nature and have only one governmental program are permitted to combine the government-wide statements and the governmental fund statements.
D) All of the above are true.