Accounted for as? A bearer plant under IAS 41 is accounted foras _? _a) Biological asset at fair valueb) Inventoryc) Property, plant and equipmentd) Investment property

Hello student! Under IAS 41: Agriculture, a bearer plant like an apple tree, mango tree, etc., is…

Answered: A bearer plant under IAS 41 is…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 14GI

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Similar questions

A right of use asset is reported as CHOICES Intangible asset Investment Property Noncurrent as separate line item Property, plant and equipment
Which of the following term relates to Copyrights, Patents and Trademarks? O a. Investments O b. Intangible assets O c. Current assets O d. Fixed assets
Identify the following as intangible assets (IA), natural resources (NR), or some other asset (O). Leasehold
Briefly explain the term of ‘biological asset’ and discuss when a biological asset is recognised in the financial statements under the MFRS 141.
Property, Plant, and Equipment is considered why type of asset? A. current assets B. contra assets C. tangible assets D. intangible assets
describe the nature of the assets that compose the following categories: (a) current asset, (b) plant asset
Property plant and equipment are considered what type of asset?
Is property, plant and equipment is classified as non-current assets?
With reference to IAS 16 (Property, Plant and Equipment), discuss the differences between “thecost model” and “the revaluation model” for the subsequent measurement of property, plant andequipment after its initial recognition.
Which of the following includes only intangible assets? Group of answer choices A)Natural resources, patents, and trademarks. B)Research and development costs, franchises, and trademarks. C)Copyrights, licenses, and land. D)Leaseholds, patents and copyrights.
Which of the following is a plant asset? A. Equipment B. Patents C. Trademark D. Accounts Receivable
Property, plant and equipment are: A. Current assets.B. Used in operations.C. Natural resources.D. Long-term investments.E. Intangible.

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A bearer plant under IAS 41 is accounted for as _? _ a) Biological asset at fair value b) Inventory c) Property, plant and equipment d) Investment property