e1ly ew the overvaluation of the land. are not enur used to correct Donation of capital Contributions, including shares of an entity, received ¢, shall be recorded at fair valuerwith | f shareholders e from nonshareholders zi ts that are restricted for pr Entities sometimes receiv! grants of funds or other asse and equipment additions. Capital gifts or grants shall be recorded at fair value whez received or receivable. s or grants from nonshareholders are Such capital gift: generally subsidies and credited to income. ot subsidies, the In the rare case where such items are ni 1 the offsetting credit shall be a liability account unti restrictions are met. ‘At that time when the restrictions are met, the capital gifts or grants are transferred to’ income. 762 __ aati Powered by @CamScanner Q