Special purpose governments in Illinois cannot be primary governments. The City of Rockford reports its mass transit
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Question:
- Special purpose governments in Illinois cannot be primary governments.
- The City of Rockford reports its mass transit district as a discretely presented component unit.
- The City of Rockford reports its public library as a discretely presented component unit.
- A local government has the discretion to report a governmental fund or an enterprise fund as a major fund even if the fund fails all four line item tests.
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Answer 1 False Special purpose governments in Illinois cannot be primary governments 2 Fal... View the full answer
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