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In practise question no. 371 from Kaplan Revision Kit,there is information regarding government grant.I didn’t think that there was enough information to work on that but the answer says otherwise.
Given Infos:
Government Grants in SoFP
2012: CL– $25k, NCL– $50k
2013: CL–$100k, NCL–$200KWhat to do while recording amortisation of this in SoPL??
You’re going to need to type out the full question, sorry. I don’t have that Kaplan material available
But be careful to type it out fully – it looks to me that there should be some information about a grant having been received in the year
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