GASB Statement No.34 makes it clear that government-wide statements are considered superior to fund statements.

Name: GASB Statement No.34 makes it clear that government-wide statements are considered superior to fund statements.
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GASB Statement No. 34 does not state that government-wide statements are superior to fund statements; rather, it introduces government-wide statements as a complement to fund statements, providing a broader perspective on a government's overall financial position.