Your client has been very pleased with the accounting advice and taxation services that your accounting firm has been providing them over the last few years. As a token of gratitude, they have given your company 5,000 shares in Telecom Ltd which are currently trading at $10.50 on the ASX. Required: How should your firm account from the receipt of these 5,000 shares? Justify your answer by reference to the definitions and recognition criteria in the Conceptual Framework.