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How much biological assets was reported by Romantic Baboy at December 31, 2022?

How much biological assets was reported by Romantic Baboy at December 31, 2022?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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. The following information pertains to Romantic Baboy's biological assets for the year 2022. Carrying amount, January 1, 2022 - P780,000 FV less cost to sell of livestock purchased during the year - P340,000 Increase in FV less cost to sell due to physical changes - P180,000 Increase in FV less cost to sell due to price changes - P40,000 FV less cost to sell of livestock sold during the year - P890,000 How much biological assets was reported by Romantic Baboy at December 31, 2022?
Transcribed Image Text:. The following information pertains to Romantic Baboy's biological assets for the year 2022. Carrying amount, January 1, 2022 - P780,000 FV less cost to sell of livestock purchased during the year - P340,000 Increase in FV less cost to sell due to physical changes - P180,000 Increase in FV less cost to sell due to price changes - P40,000 FV less cost to sell of livestock sold during the year - P890,000 How much biological assets was reported by Romantic Baboy at December 31, 2022?
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