Explain the distinction reimbursement grants

Reference no: EM13121911

Q. Illustrate what is the earliest point in the sales tax collection process at which revenue may be recognized? Explain how can you justify recognizing revenue on the basis of this event?

Q. Explain the distinction between reimbursement grants and entitlements. Explain how does this distinction affect the way each type of grant is accounted for?

Reference no: EM13121911

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