Jimmy's juniper showcase has decided to account for the $500,000 erc it received in 2021 under the ias 20 rules. where should jimmy present the erc on its 2021 statement of income: A. as a reduction to payroll tax expense B. as other income only C. as a reduction to payroll expense only D. as either other income or a reduction to payroll expense

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Under IAS 20 International Accounting Standard 20 government grants related to income should ... View the full answer