Which of the Following Is Not True with Regard to the Accounting

Multiple Choice

Which of the following is not true with regard to the accounting for government grants?

A) Assets may be recorded at fair value or nominal cost.
B) Companies may use either the capital or income approach to account for the asset and the grant.
C) Companies may apply the income approach either by recording the grant as deferred revenue or as an adjustment to the asset.
D) None of these answer choices are correct.