What Is the Appropriate Treatment for Re-Payment of Government Grants

question 59

Multiple Choice

What is the appropriate treatment for re-payment of government grants under IFRS?

• A)Accounted for prospectively.
• B)Accounted for retrospectively.
• C)Partial prospective treatment and partial retrospective treatment.
• D)Full prospective treatment and full retrospective treatment.

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Definitions:

Program Terminate

Program terminate refers to the conclusion of a program's execution, where the program ceases to run and returns control to the operating system or calling process.

Catch Block

A segment of code designed to handle an exception that occurs during the execution of a try block.

Generate Exception

The act of intentionally throwing an exception in a program due to a detected error or abnormal condition.

RuntimeException

A type of unchecked exception in Java that represents problems that can occur during the runtime of a program.