Consider a grant received as a contribution to staff retraining costs over the next three years. Write
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Consider a grant received as a contribution to staff retraining costs over the next three years. Write down three arguments in favour of reporting the entire grant in the income statement (profit and loss account) in the year it is received and write down three arguments in favour of spreading the grant across the period of retraining. Which set of arguments do you find more persuasive?
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Arguments in favor of reporting the entire grant in the income statement in the year it is received Matching Principle Reporting the entire grant in t...View the full answer
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