Solution-What income from the government grant should be

What income from the government grant should be recognized

Reference no: EM133064814

Question - On January 1, 20x4, Pasado Co. received a grant of P9,000,000 from the 1 poi foreign government in order to defray safety and environmental costs within the area where the entity is located. The safety and environmental costs are expected to be incurred over three years, respectively, P1,000,000, P2,000,000, P3,000,000. What income from the government grant should be recognized in 20x4?

Reference no: EM133064814

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What income from the government grant should be recognized

Reference no: EM133064814

Reference no: EM133064814

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