Which of the following is a required disclosure under AASB 141/IAS 41 in relation to government grants?

Question

Quizplus · Accepted Answer

AASB 141/IAS 41 requires disclosure of the nature and extent of grants recognised, unfulfilled conditions and other contingencies attached to the grant and significant decreases expected in the level of government grants. While disclosure of grants applied for but not yet granted is also required, this is not the only disclosure required. Option B provides a more comprehensive answer.

Which of the Following Is a Required Disclosure Under AASB