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41. (True or false - Capital Projects Fund items) State whether these statements are true or false. Discuss why the false statements are false. a. Assets of the Capital Projects Fund include cash and investments, but not capital assets. b. It is not possible for expenditures of the Capital Projects Fund to exceed revenues in a particular year. c. Likely sources of funding major capital projects are proceeds from long-term borrowing and transfers from other funds. d. Long-term borrowing is a source of financing capital acquisitions, but the borrowing is not reported as a liability of the Capital Projects Fund. e. Capital assets are reported in the assets section of the Capital Projects Fund balance sheet. f. Capital asset acquisitions are always financed with Capital Projects Fund resources.

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