Which of the following is a typical reconciling item between the governmental fund-level financial statements and the government-wide financial statements?

Select one:

a. Reporting depreciation expense, rather than capital outlay expenditures, for governmental activities

b. Reporting the amount of cash on hand for governmental activities

c. Reporting revenues on the accrual basis, rather than the modified accrual basis, for business-type activities

d. Reporting the net effect of transfers between the general fund and debt service fund