what should be included in the statement of net assets categories a invested in capi 614504

Measurement Focus: comparing statements. Under the reporting model required by GASB Statement No. 34, fund statements are required for governmental, proprietary, and fiduciary funds. Government-wide statements include the statement of net assets and the statement of activities.

1.Explain the measurement focus and basis of accounting for (a) governmental fund statements, (b) proprietary fund statements, (c) fiduciary fund statements, and (d) government-wide statements.

2.Explain some differences between fund financial statements and government-wide statements ith regard to (a) component units, (b) fiduciary funds, and (c) location of internal service

3.What should be included in the statement of net assets categories (a) Invested in capital assets, net of related debt, (b) restricted, and (c) unrestricted?