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How do we treat grants that are received in advance of the
period when they are to be spent?
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Answer Posted / 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 |
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