Which of the following statements about the sale of general capital assets is false?

a. The proceeds from the sale of general capital assets are generally reported as other financing sources in the government-wide financial statements.

b. Gains from the sale of general capital assets are reported as general revenues in the government-wide financial statements; losses are reported as functional expenses.

c. Gains and losses from the sale of general capital assets are not reported in the governmental funds.

d. The proceeds from the sale of general capital assets increases fund balance in the governmental funds.

e. All of the above statements are false.