In the case of grants related to income, which of these accounting treatments is prescribed by IAS 20? (a) Credit the grant to “general reserve” under shareholders’ equity. (b) Present the grant in...

In the case of grants related to income, which of these accounting treatments is prescribed by IAS 20?

(a) Credit the grant to “general reserve” under shareholders’ equity.

(b) Present the grant in the income statement as “other income”’ or as a separate line item, or

deduct it from the related expense.

(c) Credit the grant to “retained earnings” on the balance sheet.

(d) Credit the grant to sales or other revenue from operations in the income statement.