Which of the Following Is Correct with Respect to the Accounting

question 56

Multiple Choice

Which of the following is correct with respect to the accounting for re-payment of government grants?

• A)Accounted for prospectively under IFRS.
• B)Accounted for retrospectively under ASPE.
• C)Partial prospective treatment and partial retrospective treatment under ASPE.
• D)Partial prospective treatment and partial retrospective treatment under IFRS.

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Definitions:

Punishment

The imposition of a penalty or undesirable consequence on an individual or animal in order to decrease the likelihood of a behavior occurring again.

Secondary Reinforcement

A concept in behaviorism where a stimulus reinforces a behavior not because it satisfies a biological need, but because it is associated with a primary reinforcer.

Praise

The expression of approval, commendation, or admiration towards someone or something.

Awards

Recognitions or prizes given for achievement, excellence, or performance in a particular field or discipline.