What Reporting Basis Should Wind Power Plus, a Government Business

question 4

Multiple Choice

What reporting basis should Wind Power Plus, a government business enterprise, use?

• A)Cost method
• B)Equity method
• C)Modified equity method
• D)Consolidation

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Definitions:

Gas Utility

Companies that provide natural gas services to residential, commercial, and industrial customers.

Market Structure

The competitive environment characterizing a market, determined by the number of firms, product differentiation, and ease of entry and exit.

Agricultural Products

Goods derived from agriculture including crops, livestock, and products directly obtained from farming activities.

Wheat

Wheat is a cereal grain grown worldwide and is a staple food ingredient used for making bread, pasta, cake, and many other food products.