Which of the following is not a government grant? (a) Cost-free land allocated to build a staff

Question:

Which of the following is not a government grant?

(a) Cost-free land allocated to build a staff health care centre

(b) A cost-free licence received from a local borough to operate a taxi service

(d) An amount received towards the cost of cleaning factory effluence before draining it into a nearby river

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

See More Books

Question Posted: Aug 31, 2023 06:50 AM

See More Questions

There are three assets, A, B and C, where A is the market portfolio and C is the risk-free asset. The return on the market has a mean of 12% and a standard deviation of 20%. The risk-free asset...
A governments interest expenditure, as reported in its debt service fund, differs significantly from its interest expense, as reported in its government-wide statements. What is the most likely...
Mexico, Russia and India are classified as moderately strong states in Orvis and Drogus, yet they face different kinds of challenges. Use the information in the text to identify the key differences...
The table represents values of differentiable functions f and g and their first derivatives. Use the table of values to answer the questions that follow. Work all of the parts below the line. X f g...
Inga, an attorney, completed a job for a client in November 2011. If she bills the client immediately, she will receive her $10,000 fee before the end of the year. By delaying the billing for a...
A Harris poll of a random sample of 2113 adults in the United States in October 2010 reported that 72% of those polled believe that stem cell research has merit....
A constant external force $F$ is the only force acting on an object. What is the work done on the object by $F$ as a function of time?
The comparative statements of Wahlberg Company are presented here. All sales were on account. Net cash provided by operating activities for 2017 was $220,000. Capital expenditures were $136,000, and...
4. The atomic numbers of elements, U, V, W and X are 13, 14, 16 and 17 respectively. Which one of the elements will react with oxygen to form an ionic compound? (Atomic number of oxygen is 8) X A. B....
Government grants should normally be accounted on an accruals basis. Which of the following grants received would you account on a receipts basis? (a) Received by a charity to operate one of its...
IAS 20 permits the reporting of government grant either on the deferral method or on the offset method. As accountant of a limited company which of the following reasons will prompt you to opt for...
Refer to A19.5. To acquire information about who is shopping downtown, the statistics practitioner also recorded the annual household income (in $1,000s) of the respondents. Is there enough evidence...
Accounting is the information system that a. measures business activities. b. communicates the results to decision makers. c. processes information into reports. d. All of the above
A truck costs $50,000 when new and has accumulated depreciation of $35,000. Suppose Wilson Towing exchanges the truck for a new truck. The new truck has a market value of $60,000, and Wilson pays...
On February 1, Clovis Wilson Law Firm contracted to provide $3,000 of legal services for the next three months and received $3,000 cash from the client. Assuming Wilson records deferred revenues...
Generally Accepted Accounting Principles (GAAP) are currently formulated by the a. Financial Accounting Standards Board (FASB). b. Securities and Exchange Commission (SEC). c. Institute of Management...
Which of the following is not a closing entry? Date a. Retained Earnings Accounts and Explanation Dividends b. Service Revenue C. d. Income Summary Salaries Payable Income Summary Income Summary Rent...
We noted that cycle time, while an important measure of process performance, is not the only measure to be considered. Give an example where focusing exclusively on reducing cycle times might hurt...
What are three disadvantages of using the direct write-off method?
Use the sustainable growth rate equations from the previous problem to answer the following questions. Grendl, Inc., had total assets of $410,000 and equity of $265,000 at the beginning of the year....
First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank pays 7 percent interest compounded annually. If you made a $4,800 deposit in each bank, how...
Compute the future value of $1,625 continuously compounded for a. Five years at an annual percentage rate of 14 percent. b. Three years at an annual percentage rate of 6 percent. c. Ten years at an...
Provide an example of a marine shipment, covering the premium, and total insurance value.
Discuss the concept of the General Average in marine insurance. List the various types of dangerous goods.
1. Calculate predicted total costs of producing the six PT109s for the Navy. (WLJ Boat will keep the first deployment boat assembled, costed at $1,493,200, as a demonstration model for potential...

Which of the following is not a government grant? (a) Cost-free land allocated to build a staff

Question:

Step by Step Answer:

c Compensation ...View the full answer

Financial Accounting An Introduction

Students also viewed these Business questions