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.
Answer: B