on 37 When an asset acquired through government grants is recorded using the capital approach, ed d out of Kag question Select one: a. assets and equity increase by the fair value of the asset, b. assets and equity increase by the cost of the asset. c. assets and liabilities increase by the fair value of the asset. d. assets and liabilities increase by the cost of the asset. n 38 The account Deferred Grant Revenue is classified as ed out of ag question Select one: a. Revenue. O b. a non-current liability. c. Other income and expense. d. a separate component of shareholders' equity