June 14, 2016 — At its June 8, 2016, meeting, the FASB began redeliberating its project on business entities’ disclosures about government assistance to discuss the feedback received on its proposed ASU on this topic.1 Topics addressed at the meeting included the project’s scope, disclosures about government assistance received but not recognized directly in the financial statements, and restrictions that would preclude an entity from disclosing the information required.
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