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What amount should be recognized as loss

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Question - On January 1, 2021, Robin Company received a grant of P1,500,000 from the government to subsidize tuition fees for a period of 5 years. On January 1, 2023, the entity violated certain conditions attached to the grant, and therefore had to repay such grant to the government. What amount should be recognized as loss resulting from the repayment of the grant in 2023?

Reference no: EM133188973

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