Question: Please help me with this one. QUESTION 3: A private entity was awarded a concession arrangement for water services. The agreement stated that the private

Please help me with this one.



QUESTION 3: A private entity was awarded a concession arrangement for water services. The agreement stated that the private entity will construct the related network of assets to provide the water services to the public, and such assets will be owned by the grantor. The agreement also states that the private entity has a right to receive cash from the grantor in exchange of the provision of the water services. How should the private entity 1. Account for the arrangement? 2. Present such existing assets in the nancial statements? QUESTION 4: A private entity was awarded a concession arrangement for water services. The agreement stated that the existing assets of the grantor will be used by the private entity in order to provide the water services to the public. The agreement also states that the private entity has a right to charge the public for the provision of the water services. How should the private entity 1. Account for the arrangement? 2. Present such existing assets in the nancial statements? QUESTION 2: A private entity was awarded a concession arrangement for water services. The agreement stated that the private entity will construct the related network of assets to provide the water services to the public, and such assets will be owned by the grantor. The agreement also states that the private entity has a right to charge the public for the provision of the water services. How should the private entity 1. Account for the arrangement? 2. Present such existing assets in the nancial statements
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