1.) Identify the financial statements that must be presented for a government hospital. In what significant ways would each of the major statements of a government hospital differ from those of a private not-for-profit hospital?

2.) GASB Statement No. 34 mandates that the government reconcile total governmental fund balances per the fund balance sheet with net assets of governmental activities per the government-wide statements. What are likely to be the two largest reconciling items for most major cities? Why?