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.