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On January 1, 20x4, Pasado Co. received a grant of P9,000,000 from the foreign government in order to defray safety and environmental costs within
On January 1, 20x4, Pasado Co. received a grant of P9,000,000 from the foreign government in order to defray safety and environmental costs within the area where the entity is located. The safety and environmental costs are expected to be incurred over three years, respectively, P1,000,000, P2,000,000, P3,000,000. What income from the government grant should be recognized in 20x4? *
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
