In accordance with GASB standards, both a general purpose government and a special purpose government can be considered primary governments if certain criteria are met.

Question

Quizplus · Accepted Answer

According to GASB standards, a general purpose government or a special purpose government can be considered a primary government if it meets certain criteria, such as having the ability to independently issue debt or being fiscally independent from other governments.

In Accordance with GASB Standards, Both a General Purpose Government