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After studying Chapter 9, you should be able to:

• -Describe characteristics of special-purpose entities and identify the required financial statements of varying types of special-purpose entities.
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• -Prepare combined fund-basis/government-wide financial statements for a special-purpose entity engaged in a single governmental activity.
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• -Apply the accrual basis of accounting in the recording of typical transactions of a public college or university.
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• -Prepare the financial statements for a public college or university.