Problem : Green Pastures received a grant of P 60 million to compensate it for costs mcurred in planting narra trees over a period of 5 years. Green Pastures will mecur such costs in this manner:Ye Costs12 M2.4 M36 M4.8 M510 MTotal costs thus incurred will aggegate P30 M.Required: Based on the provisions of PAS 20, Government Grants, how should Green Pastures treat the "grant" in the books? Put your 'answer in the box below.

The question is related to Accounting for Govenment Grant. In the given question the grant has been…

Problem :Green Pastures received a grant of P 60 million to compensate it for costs mcurred in planting narra trees over a period of 5 years. Green Pastures will mecur such costs in this manner: Ye Costs 1 2 M 4 M 3 6 M 4 8 M 5 10 M Total costs thus incurred will aggegate P30 M. Required: Based on the provisions of PAS 2o, Government Grants, how should Green Pastures treat the "grant" in the books? Put your 'answer in the box below.

Problem :Green Pastures received a grant of P 60 million to compensate it for costs mcurred in planting narra trees over a period of 5 years. Green Pastures will mecur such costs in this manner: Ye Costs 1 2 M 4 M 3 6 M 4 8 M 5 10 M Total costs thus incurred will aggegate P30 M. Required: Based on the provisions of PAS 2o, Government Grants, how should Green Pastures treat the "grant" in the books? Put your 'answer in the box below.

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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If you receive a grant for a $135,000 project and the grant has a 2:1 match. How much grant money would you receive?
Topic: Government Grant Question: How much should be grant income for the first year of grant foreach of the following cases? a. A 10-year, non-interest bearing, P20,000,000 term loan was received from the Philippine government. Without the loan from the government, the entity would need to pay 8% interest per year. b. P3,000,000 government grant was received to support the continued existence of the entity. The entity was heavily affected by the ashfall from a nearby volcano. The entity has a total legal life of 50 years and is on its 40th year.
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It is known that a project for the construction of public facilities with estimated costs and benefits of the project is as follows: • 6 year project life. • The applicable discount rate is 10% in the first year and the discount for the first year the second is an increase of 5%. • Expenses incurred only in year 1 and 2, with each Rp. 515,000,000 and Rp. 415 000 000. • Benefits received from year 3 to year 6 respectively Rp. 205,000,000, Rp. 305 000 000, Rp. 405 000 000 and IDR 505,000,000 Please count and explain the Project investment criteria a. Payback Period of Investment criteria b. NPV (net present value) criteria c. IRR (Internal Rate of Return) criteria
Ee 495.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Example: It is proposed to construct a self-financing road tunnel. The criterion is that the toll paid by the vehicles over the life of the project must be sufficient to cover both the initial capital and the other costs which will be incurred over the project's life. Determine a suitable charge on each vehicle passing through the tunnel using the following estimated figures based on 1996 prices. 1. Capital cost Construction cost Land cost Professional fees 2. Annual OMR cost 3. Annual administration cost 4. Replacement cost of autopay ticket machine 5. Estimated annual traffic flow 6. Life of project 7. Required rate of return (real) 8. Estimated inflation rate in the next 20 years $100,000,000 $2,500,000 $5,000,000 $1,000,000 every 5 years 10,000 vehicles per day in the first five years; the growth rate of traffic flow is 30% every 5 years 20 years 12% 10% p.a. (average)
You are a manager at Percolated Fiber, which is considering expanding its operations. Your boss said to you "We already owe these consultants $1.8 million for their first report, and all they gave us is Net Income. Before we spend another $1.4 million on further market research plus $21 million on new equipment needed for this project, look the first report over and give me your opinion." Here are the report's estimates (in millions of dollars; note that the question is continued below, so you need to scroll down to see it all): 1 Sales revenue 64.0 64.0 64.0 - Cost of goods sold Gross profit -Selling, gen. & admin. exp. -Depreciation Net operating income - Income tax (30%) Net Income 41.0 41.0 41.0 23.0 23.0 23.0 8.8 8.8 8.8 7.0 7.0 7.0 7.2 7.2 7.2 2.2 2.2 2.2 5.0 5.0 5.0
There are five alternatives for improvement of the local farm to market road. Determine which alternative should be chosen if the highway department is willing to invest money as long as there is a B/C ratio of at least 1.00. Alternatives Annual Benefits Annual Cost 1 900,000 1,000,000 2 1,300,000 1,400,000 3 2,800,000 2,100,000 4 3,300,000 2,700,000 5 4,200,000 3,400,000
how much Loss on Repayment of the Grant will be recorded on January 1, 2022?