Frenz Bhd has provided the following data related to its livestock management Date Details RM 2021 1 Jan 20 calves, 2 years old 1 July Purchase six month old calves-5 calves 1 July 4 claves born Fair value less Cost to sell per animal 2021 1 Jan 2 year old 500 1 July 6 month old 200 31 Dec 3 year old 800 31 Dec 2 year old 550 31 Dec 1 year old 400 31 Dec 6 month old 300 2022 2 July Newborn 100 31 Dec 4 year old 1000 31 Dec 3 year old 950 31 Dec 2 year old 650 31 Dec 1year old 420 31 Dec 6 month old 220 31 Dec Newborn 140 Required: Determine the carrying amount and revenue for year end 2021 and 2022
Frenz Bhd has provided the following data related to its livestock management Date Details RM 2021 1 Jan 20 calves, 2 years old 1 July Purchase six month old calves-5 calves 1 July 4 claves born Fair value less Cost to sell per animal 2021 1 Jan 2 year old 500 1 July 6 month old 200 31 Dec 3 year old 800 31 Dec 2 year old 550 31 Dec 1 year old 400 31 Dec 6 month old 300 2022 2 July Newborn 100 31 Dec 4 year old 1000 31 Dec 3 year old 950 31 Dec 2 year old 650 31 Dec 1year old 420 31 Dec 6 month old 220 31 Dec Newborn 140 Required: Determine the carrying amount and revenue for year end 2021 and 2022
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Frenz Bhd has provided the following data related to its livestock management
|
Date |
Details |
RM |
|
2021 1 Jan |
20 calves, 2 years old |
|
|
1 July |
Purchase six month old calves-5 calves |
|
|
1 July |
4 claves born |
|
|
Fair value less Cost to sell per animal |
||
|
2021 1 Jan |
2 year old |
500 |
|
1 July |
6 month old |
200 |
|
31 Dec |
3 year old |
800 |
|
31 Dec |
2 year old |
550 |
|
31 Dec |
1 year old |
400 |
|
31 Dec |
6 month old |
300 |
|
2022 |
|
|
|
2 July |
Newborn |
100 |
|
31 Dec |
4 year old |
1000 |
|
31 Dec |
3 year old |
950 |
|
31 Dec |
2 year old |
650 |
|
31 Dec |
1year old |
420 |
|
31 Dec |
6 month old |
220 |
|
31 Dec |
Newborn |
140 |
Required:
Determine the carrying amount and revenue for year end 2021 and 2022
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