Under IAS 20/AASB 120, Accounting for Government Grants, It Is

Under IAS 20/AASB 120, Accounting for Government Grants, it is true that:

A) government grants relating to assets are to be credited directly to equity.
B) a government grant relating to an asset may be presented as a reduction in the carrying amount of the asset concerned.
C) a government grant relating to income may be credited directly to equity or recognised as income systematically over the periods necessary to match them with the related costs.
D) subsidies for agricultural activities are discussed in the appendix to IAS 20/AASB 120.