Government grants related to income are presented preferably as Other income in the income statement Addition to the beginning balance of retained earnings Deduction from the related expense Additional paid in capital

Government grants related to income are presented preferably as Other income in the income statement Addition to the beginning balance of retained earnings Deduction from the related expense Additional paid in capital

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Government grants related to income are presented preferably as
Other income in the income statement
Addition to the beginning balance of retained earnings
Deduction from the related expense
Additional paid in capital

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