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In 2016 Sanford LTD. received a government grant of $100,000 to be used for the purchase of a machine. Sanford prepares its financial statements using

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In 2016 Sanford LTD. received a government grant of $100,000 to be used for the purchase of a machine. Sanford prepares its financial statements using IFRS. The grant must be recognized a. as revenue in 2016. b. as a reduction in the cost of the machine. c. as deferred income in the balance sheet and then recognized in the income statement systematically over the asset's useful life. d. either borc

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