1. In accordance with GASB 34, Basic financial Statements - and Management's Discussion and Analysis - for State and Local Governments, governments should prepare Consolidated financial statements, using modified accrual basis of accounting and the economic resources. Combined financial statements, using the accrual basis of accounting and the financial resources Government-wide financial statements, using the accrual basis of accounting and the financial resources Government-wide financial statements, using the accrual basis of accounting and the economic resources 2. In accordance with GASB 34, Basic financial Statements - and Management's Discussion and Analysis - for State and Local Governments, depreciation would be reported on which of the following financial statements? I. The government-wide statement of activities II. The statement of revenue, expense, and changes in fund net assets I only II only Both I and II Neither I and II 1. In accordance with GASB 34, Basic financial Statements - and Management's Discussion and Analysis - for State and Local Governments, governments should prepare Consolidated financial statements, using modified accrual basis of accounting and the economic resources. Combined financial statements, using the accrual basis of accounting and the financial resources Government-wide financial statements, using the accrual basis of accounting and the financial resources Government-wide financial statements, using the accrual basis of accounting and the economic resources 2. In accordance with GASB 34, Basic financial Statements - and Management's Discussion and Analysis - for State and Local Governments, depreciation would be reported on which of the following financial statements? I. The government-wide statement of activities II. The statement of revenue, expense, and changes in fund net assets I only II only Both I and II Neither I and