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Which government or other public sector body contracts

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Problem 1: It is an arrangement whereby a government or other public sector body contracts with a private operator to develop (or upgrade), operate and maintain the grantor's infrastructure assets, such as roads, bridges, tunnels, airports, energy distribution networks, prisons or hospitals.

a. Build-operate-transfer arrangement

b. Service concession arrangement

c. Private-public partnership (PPP)

d. All of these

Problem 2: Which of the following statements is correct?

a. "Build-operate-transfer" is not common in the Philippines.

b. The operator recognizes the public infrastructure in a BOT contract as property, plant and equipment before it is relinquished to the grantor.

c. FRIC 12 applies only to construction or upgrade services but not to operation services.

d. The consideration in a BOT contract is an intangible asset if the operator receives a right to collect fees from users of the public service.

Reference no: EM132776406

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