$1-$What is the main accounting issue in IPSAS $32$ 'Service concession arrongements' grantor'?

Sorry, your answer was not correct!

How the grantor is to recognze revenue

Whether the grantor is to recognize a service concession liability

Whether the grantor should recognize a service concession

When the grantor is to recogrize expenses under the service concession

$2-$A local medical provider carried a provision of USD $200,000$ in its draft financial statements to $31$ March $2014$ in relation to an unresolved court case. On $15$ April $2014,$ when the financial statements to $31$ March $2014$ had not yet been authorised for issue, the case was settled and the court decided the final total damages payable by the provider to be USD $280,000.$ Following IPSAS $14$ 'Events after the reporting period, what is the correct accounting treatment in relation to this event?

Phesse select the right answer.

Sorry, your answer was not correct!

Adjust USD $280,000$

$$ Disclose USD $80,000$

Adjust USD $80,000$

Neither disclose nor adjust