Question: In 20x1, Entity A proposes an environmental clean-up project for a river. The government supports this project and gives Entity A a1M monetary grant conditioned

In 20x1, Entity A proposes an environmental clean-up project for a river. The government supports this project and gives Entity A a1M monetary grant conditioned that the money will only be spent on the proposed project. The proposed project is expected to take about 2 years to complete. Entity A starts the clean-up project in 20x2. How should Entity A recognize income from the government grant?

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