CERTYNEX IFRS ACADEMY

A public agency provides an entity with free technical advice whose value cannot reasonably be estimated. Which of these statements are accurate? (More than one answer possible.)

The entity freely estimates a value for the advice in order to recognise income.

Assistance that cannot reasonably be valued does not give rise to the recognition of a grant.

Disclosure is reserved for assistance that the entity has been able to value in euros.

Information about the nature of this assistance may be needed for the reader to understand the benefit received.

The assistance is recognised at the rate the agency charges its ordinary clients.