alleryStart learning →How many broad approaches to accounting for government grants does Ind AS 20 describe?
AOne
BTwo
CThree
DFour
Answer & Solution
Correct answer: B. Two
It describes the capital approach and the income approach.
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Related questions
When valuing a below-market government loan benefit, what must the entity consider?Why do income approach supporters reject crediting grants directly to equity?Which view backs the income approach as per Ind AS 20?Why is information on government assistance useful to financial statement users?Why does government typically give grants according to Ind AS 20?Which grape-related step is outside Ind AS 41?Which activity is listed as agricultural activity in Ind AS 41?A farmer harvests a crop. Where does any gain on initial recognition of the produce go?