Question: summerize the following: GASB Statement No. 34 model mandates that governments prepare two separate, albeit related, sets of financial statements The first is the government-wide

summerize the following: GASB Statement No. 34 model mandates that governments prepare two separate, albeit related, sets of financial statements The first is the government-wide statements o It concentrates on the government as a whole The second is the fund financial statements o It views the governmental entity as a collection of separate funds

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