1. List the two government-wide financial statements and seven fund financial statements [with fund categories] that comprise the basic financial statements under GASB #34.

2. Describe the difference between expenditure recognition and measurement in the governmental funds financial statements and expense recognition for governmental activities in the government-wide financial statements.

3. Governmental activities and governmental funds both report general government activities. In what way(s) does reporting general government activities in the fund financial statements differ from reporting general government activities in the government-wide financial statements?