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On the statement of revenues, expenditures, and changes in fund balance for governmental funds, how are capital outlays reported? As a separate line item in

On the statement of revenues, expenditures, and changes in fund balance for governmental funds, how are capital outlays reported?

As a separate line item in the expenditures section of the statement.
Capital outlays are allocated to the functional areas, much like depreciation.
As a separate line item in the other financing sources (uses) section of the statement.
Below net change in fund balances, but before beginning fund balance.

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