le Trees 585,000  Grapevines 318,000  Tobacco 180,000  Sugar Cane 224,000  Picked Grapes 118,000  Pickled Fruits 437,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information pertains to Google Company, a business operating in a diverse agricultural activity

Heifers 300,000 
Cows 250,000 
Breeder Pigs 100,000 
Dairy Cattle 275,000 
Mango Trees 425,000 
Apple Trees 585,000 
Grapevines 318,000 
Tobacco 180,000 
Sugar Cane 224,000 
Picked Grapes 118,000 
Pickled Fruits 437,000 
Fruit Cocktail 473,000 
Skimmed Milk 282,000 
Animals in Zoo 835,000 
Apples to be harvested next week 215,000 
Unprocessed Dairy Milk 305,000 
Butter 185,000 


How much of the items shall be treated as biological assets under PAS 41? *

A 2,263,000

B 1,377,000 

C 1,444,000 

D  423,000 

 

How much of the items shall be treated as assets under PAS 2? 

A  2,263,000 

B 1,377,000 

C 1,444,000 

D 423,000

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