Special-purpose governments that are engaged in both governmental and business-type activities or in more than one governmental activity are required to include all of the following in its financial statements except?
A) Required supplementary Information
B) Fund basis financial statements
C) Government-wide financial statements
D) None of the above, these are all required

Question

Quizplus · Accepted Answer

Special-purpose governments that are engaged in both governmental and business-type activities or in more than one governmental activity are required to prepare both fund-basis and government-wide statements, including MD&A, Government-wide statements, Fund-basis financial statements, Notes to the financial statements, RSI.

Special-Purpose Governments That Are Engaged in Both Governmental and Business-Type