How do we treat grants that are received in advance of the
period when they are to be spent?
Answers were Sorted based on User's Feedback
Answer / yaris
We record it in our Balance sheet under Liabilities as
Income received inadvance.
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Answer / guest
If there is a timing restriction which amounts to a
precondition for the grant's use then treat the grant as
deferred income otherwise treat them as restricted income
funds during the period of enforced retention or if they
are for a specified purpose..
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / satyaki_raju@yahoo.com
Dear Guest pl ask your parents to name you immediately
Is This Answer Correct ? | 1 Yes | 1 No |
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
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