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9. In the case of a nonmonetary grant, which of the following accounting treatments is )rescribed by PAS 20? A. Record the asset at replacement
9. In the case of a nonmonetary grant, which of the following accounting treatments is )rescribed by PAS 20? A. Record the asset at replacement cost and the grant at a nominal value. B. Record the grant at a value estimated by management. C. Record both the grant and the asset at fair value of the nonmonetary asset. D. Record only the asset at fair value; do not recognize the fair value of the grant
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