CAF-1 · Chapter 1 · Question 11 of 15
According to IAS 20, government grants shall not be recognized until there is reasonable assurance that:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The grant will be received and the entity will comply with the conditions.
Explanation
Recognition requires reasonable assurance that the entity will comply with conditions attaching to the grants and that the grants will be received.
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