Chicken Wings Inc. incurred the following expenditures relating to its biological assets during the current year: Commissions to brokers, P5,500; Transportation costs to the market, P3,850; Levies by commodity exchange, P1,650; Transfer taxes and duties, P2,750; Advertising costs, P1,100 What total amount shall be classified as costs to sell in accordance with IAS 41 Agriculture?
Chicken Wings Inc. incurred the following expenditures relating to its biological assets during the current year: Commissions to brokers, P5,500; Transportation costs to the market, P3,850; Levies by commodity exchange, P1,650; Transfer taxes and duties, P2,750; Advertising costs, P1,100 What total amount shall be classified as costs to sell in accordance with IAS 41 Agriculture?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Chicken Wings Inc. incurred the following expenditures relating to its biological assets during the current year:
Commissions to brokers, P5,500; Transportation costs to the market, P3,850; Levies by commodity exchange, P1,650; Transfer taxes and duties, P2,750; Advertising costs, P1,100
What total amount shall be classified as costs to sell in accordance with IAS 41 Agriculture?
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