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

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.