Which of the following is true regarding not-for-profit accounting financial statements?
a. Organization-wide not-for-profit financial statements must include reconciliation to the not-for-profit organization's fund financial statements.
b. Not-for-profit organization financial statements and disclosures may not include any reference to funds.
c. Not-for-profit organizations may maintain funds for internal accounting purposes and may elect to disclose those funds.
d. External financial statements must focus on the individual restrictions associated with each classification.