Question: 1-Discuss the differences between the fund financial statements and the government-wide financial statements. 2-Give an example of a governments Managements Discussion and Analysis. Explain the

1-Discuss the differences between the fund financial statements and the government-wide financial statements.

2-Give an example of a governments Managements Discussion and Analysis. Explain the basics that are covered in their Managements Discussion and Analysis.

3-Barry City has a governmental fund that provides loans to commercial businesses operating in Jerome County (Barry City is within Jerome County). This year, Barry City made loans totaling $1,000,000. How should Barry City classify the disbursements of loans on the statement of cash flows?

4-Give an example of a statement of activities of a government-wide financial statement. Explain the primary purpose of the document what information is it designed primarily to provide?

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