A primary focus of governmental and enterprise fund financial statements is on major funds. Which of the following would be classified as a major fund?

a) The total assets of fund are at least 10% of the total assets of all governmental funds.

b) The total liabilities of that fund are 5% of the total liabilities of the governmental funds.

c) The total revenues of that fund are at least 5% of the combined revenues of the governmental and enterprise funds.