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    Essentials of Accounting Study Set 3
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    Exam 9: Advanced Topics for State and Local Governments
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    Special-Purpose Governmental Entities That Are Engaged in a Single Business
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Special-Purpose Governmental Entities That Are Engaged in a Single Business

Question 45

Question 45

True/False

Special-purpose governmental entities that are engaged in a single business activity are not required to prepare government-wide financial statements, but issue only enterprise fund statements.

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