A Government Business Enterprise's Net Income or Loss Is Reported

Multiple Choice

A government business enterprise's net income or loss is reported on the government's statement of operations. In addition, ________.

A) the accounting principles are not adjusted to government accounting principles.
B) the investment should be reported using the cost method.
C) the investment account should not be adjusted for the net income or loss.
D) its assets and liabilities are added to the government's statement of financial position.