For financial reporting purposes, governmental health care entities, public school systems, other not-for-profit entities and public colleges and universities may be considered to be special-purpose entities.

Question

Quizplus · Accepted Answer

Special-purpose governments are commonly limited to one, or perhaps a few, service programs such as government-operated hospitals, public school systems, fire protection district, or public colleges, park districts, tollway authorities and other not-for-profit entities such as museums.

For Financial Reporting Purposes, Governmental Health Care Entities, Public School