Government grants relating to biological assets accounted at fair value less costs of sale are accounted under:

Statement of profit or loss when the grant is received

General Reserve when the grant is declared

Statement of profit or loss when the grant becomes receivable

General Reserve when the grant is received

Government grants relating to biological assets accounted at fair valu

1.	Government grants relating to biological assets accounted at fair value less costs of sale are accounted under:
A.	General Reserve when the grant is declared
B.	Statement of profit or loss when the grant becomes receivable
C.	Statement of profit or loss when the grant is received
D.	General Reserve when the grant is received
Answer» C. Statement of profit or loss when the grant is received