Response to the following problem:
Under the reporting model required by GASB Statement 34-fund statements are required for governmental, proprietary, and fiduciary funds.
Government-wide statements include the Statement of Net Assets and Statement of Activities.
Answer the following questions related to the reporting model:
1. What is the measurement focus and basis of accounting for: governmental fund statements; proprietary fund statements; fiduciary fund statements; and government-wide statements?
2. Indicate differences between fund financial statements and governmentwide statements with regard to: component units; fiduciary funds; and location of internal service funds.
3. Indicate what should be included in the Statement of Net Assets categories: Invested in Capital Assets, Net of Related Debt; Restricted; and Unrestricted