Which of the following is true regarding the financial statements for special-purpose entities?
A. Special-purpose entities that are engaged only in one governmental activity may combine government-wide and governmental fund statements.
B. Special-purpose entities that are engaged in fiduciary activities only prepare the statements required for fiduciary funds (Statement of Fiduciary Net Position, Statement of Changes in Fiduciary Net Position).
C. Both of the above.
D. Neither of the above.
Answer: C
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