Which of the following is not true with regard to the accounting for government grants? Select one: a. Companies may use either the capital or income approach to account for the asset and the grant Companies may use either the capital or income approach to account for the asset and the grant. O b. Companies may apply the income approach either by recording the grant as deferred revenue or as an adjustment to the asset. C. Assets may be recorded at fair value or nominal cost. d. None of these answer choices are correct