Suppose a parcel of land received by abc company from the, Ask an Expert

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Suppose a parcel of land received by ABC company from the government for free. ABC company is obligated to develop an organic farm and hire 200 workers in the farm for six years. Apply Conceptual Framework for Financial Reporting 2010 - IAS Plus only rather than IAS 20. Please explain in detail whether the fair value of the land should be recognized as income or not?

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Category:- Financial Management
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