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

Question

Quizplus · Accepted Answer

This statement is true. A government business enterprise's net income or loss is reported on the government's statement of operations, also known as the income statement or profit and loss statement. It shows the government's revenues, expenses, and the resulting net income or loss for a given period of time.

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