Which of the following would be the justification for accounting for government grants on the ‘income approach’ rather than the ‘capital approach’?

(a) If tax paid to government is an expense then grant received from them is an income
(b) Grant is earned by complying with what the grant-giving authority instructs
(c) Grant cannot be regarded as part of the capital invested by the owner
(d) Grant needs to be matched with related expenses

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wa, c& d x b, c & d y All four z a, b & d