statements. Each choice may be used once, more than once, or not at all. In items 5 through 8, select from the second column option list provided the answer that indicates whether fund information about long-term liabilities and capital assets is reported in the government-wide and fund financial statements. Each financial statement component is reported in each fund. Item Government-wide financial statements: 1. Basis of accounting Information in Information in Information in governmental funds proprietary funds fiduciary funds Accrual Accrual Accrual Economic Economic 2. Measurement focus Economic resources resources resources Fund financial statements: 3. Basis of accounting Modified accrual Accrual Accrual Current financial Economic Economic 4. Measurement focus resources resources resources Government-wide financial statements: 5. Long-term liabilities Yes Yes No 6. Capital assets Yes Yes Yes Fund financial statements: 7. Long-term liabilities Yes Yes Yes 8. Capital assets Yes Yes Yes