1. Consider each of the following transactions and examine whether they satisfy the income definition criteria:
   1. Received cash for services to be provided in the next reporting period
   2. Borrowed money from a bank
   3. Credit sale of goods
   4. Receipt of deposit for future work to be performed
   5. Obtained a bank loan and received $20 000
   6. Received a grant from a government body to assist with an export program.