Exam (elaborations)
FAC 3703 ASSIGNMENT 1
- Course
- FAC 3703 ASSIGNMENT 1
- Institution
- Johns Hopkins University
1. 2 This is an asset based grant since the grant was provided in order to acquire non – current assets. 2. 5 R Government grant income (5 000 000 * 60% / 5) Change in accounting estimate (5 000 000 * 40% / 5 * 1 / 12) 600 000 (33 333) 566 667 3. 4 The government grant is recognized in...
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