How would you value a biological asset used within, or generated by, agricultural activities, and how are
Question:
How would you value a biological asset used within, or generated by, agricultural activities, and how are changes in valuation to be treated for the purposes of an entity’s profit or loss?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
A biological asset shall be measured on initial recognition and at the end of each reporting period ...View the full answer
Answered By
Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
119+ Reviews
214+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
1. Based on the information provided in the case below, what is the key strategic goal for Tim Hortons as of August 2014? It would be a year of dramatic change for Tim Hortons Inc. On August 26,...
-
In late September 2020, Tom's Company acquires the following items from another entity for $600,000 cash: land, building, and equipment. In addition to the acquisition price, stamp duty of $20,000,...
-
Mick Stone disposed of the following assets during tax year 2020-21: (1) On 19 May 2020, Mick sold a freehold warehouse for 522,000. This warehouse was purchased on 6 August 2008 for 258,000, and was...
-
The following data show the number of issues from initial public offerings (IPOs) for a 13-year period released by the Securities Data Company. Use these data to develop forecasts for the years 3...
-
An employee in the receiving department keyed in shipment from a remote terminal and inadvertently omitted the purchase order number. The best application control to detect this error would be a, a....
-
Recognition of Service Contract Revenue} Zac Murphy is president of Blooming Colours Inc., which provides landscaping services in Leamington, Ontario. On November 20, 2018, Murphy signed a service...
-
Transferred-in costs, FIFO method (continuation of 17-33). Refer to the information in Problem 17-33. Suppose that Larsen Company uses the FIFO method instead of the weighted-average method in all of...
-
The consumer price index is a useful index of inflation, and may be used to adjust the limits of each tax bracket for the upcoming year. Nevertheless the CPI has its critics. A lot of things are used...
-
What types of non-financial disclosures are required by AASB 141?
-
Explain and contrast the valuation suggestions made by Carnegie and Wolnizer in relation to national parks that are considered to be heritage assets and the valuation suggestions of Roberts, Staunton...
-
A chessboard consists of 64 squares, as shown in Figure 1.19. The rook can move one or more squares horizontally or vertically. Suppose a rook is in the upper-left-hand corner of a chessboard. Tell...
-
Task 8: Operation of mixer 8 (a) How would an interlocking guarding system operate to help avoid the dough mixer accident? (3) (b) Apart from guarding, what other working practices could have...
-
can you elaborate in 2000 words that the success of an event is measured by these metrics and why: 1. Social media engagement 2.Registration 3. Website conversion 4. ticket sales 5. ROI 6. NPS
-
1.XYZ Company manufactures and sells computer chips. Currently 4,000,000 units are sold at a price of $ 100 per unit. Fixed costs are $ 32,000,000 per year; variable costs are $ 80 per unit....
-
Do you feel that CBC and R&I should have maintained their separate ownership structures (apart from their 50/50 JV) or do you feel they have more potential to create value under joint ownership? Why?...
-
Evaluate the idea that a world hegemon creates stability in the global system. What are the pros and cons of this theory? If , as some political scientists predict, U . S . hegemony is coming to an...
-
1. Describe the traditional view of the effects of unions on productivity and efficiency. 2. Describe the new view of the effects of unions on productivity and efficiency.
-
If a process has a six-sigma capability, what is the process capability index? a. 1 b. 2 c. 6 d. 12
-
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances arenormal. PELICAN COMPANY Trial Balance...
-
Transactions made by Leonardo Bloom Co. for the month of March are shown below. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation, similar to...
-
Phil Eubanks has just rented space in a strip mall. In this space, he will open a photography studio, to be called Picture This! A friend has advised Phil to set up a double entry set of accounting...
-
The Molding Division of Cotwold Company manufactures a plastic casing used by the Assembly Division. This casing is also sold to external customers for $ 3 4 per unit. Variable costs for the casing...
-
Required information [ The following information applies to the questions displayed below. ] Information on Kwon Manufacturing's activities for its first month of operations follows: a . Purchased $...
-
2 . Brown Corp made $ 5 0 0 , 0 0 0 net sales in 2 0 2 0 . The cost of goods sold and total operating expenses incurred during the year was $ 3 5 0 , 0 0 0 . At the beginning of 2 0 2 0 , Brown had $...
Study smarter with the SolutionInn App