Which of the following statements is true of a special$-$purpose government?

Multiple Cholce

Speclal$-$purpose governments engaged in only one business$-$type actlvity have to prepare government$-$wide financial statements.

Speclal$-$purpose governments that are engaged in more than one governmental$-$type activities can combine the fund and government$-$wide financial

statements.

Speclal$-$purpose governments must be stand$-$alone local governments.

Special$-$purpose governments that are engaged in a single governmental$-$type actlvity may combine the fund and government$-$wide financial

statements.