Which of the following definitions best describes the general nature of the governmental activities column?

a. Governmental activities are simply governmental funds added together.

b. Governmental activities are derived by adding the governmental funds together and converting the measurement focus and basis of accounting.

c. Governmental activities include neither Permanent Funds nor any component units.

d. Governmental activities typically include all governmental funds, with the measurement focus and basis of accounting converted, as well as all general capital assets and general long-term liabilities.