Road Co. has the following assets as, at the reporting date (stated at fair values less costs to sell) Land used to grow agricultural crops Herd of cattle grown to be butchered for their meat Fruit trees grown to produce fruits for sale Rice plants grown to produce rice for sale 3,000,000 1,200,000 800,000 600,000 Requirements: How much is the total biological assets to be accounted for under PAS 41?

Road Co. has the following assets as, at the reporting date (stated at fair values less costs to sell) Land used to grow agricultural crops Herd of cattle grown to be butchered for their meat Fruit trees grown to produce fruits for sale Rice plants grown to produce rice for sale 3,000,000 1,200,000 800,000 600,000 Requirements: How much is the total biological assets to be accounted for under PAS 41?

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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