Liwat Farm provided the following assets:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Liwat Farm provided the following assets:
A
Land held for sale
4,000,000
B
Mango Trees
400,000
Horse for recreational
500,000
activity
Goat
700,000
Grape vines
200,000
F
Unprocessed milk
30,000
G
Cow
500,000
Skimmed milk
60,000
Picked grapes
80,000
J
carcass
40,000
How much should be classified as BIOLOGICAL ASSETS?
Transcribed Image Text:Liwat Farm provided the following assets: A Land held for sale 4,000,000 B Mango Trees 400,000 Horse for recreational 500,000 activity Goat 700,000 Grape vines 200,000 F Unprocessed milk 30,000 G Cow 500,000 Skimmed milk 60,000 Picked grapes 80,000 J carcass 40,000 How much should be classified as BIOLOGICAL ASSETS?
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