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A farmer buys 1 , 1 8 0 chickens for $ 1 4 1 , 6 0 0 at the beginning of 2 0 X
A farmer buys chickens for $ at the beginning of X The cost to feed, shelter, and grow the chickens is $ in X and $ in X Based on the chickens age and size, the fair value at the end of X was $ On November X the chickens are slaughtered for a cost of $ The fair value of the carcasses is $
Prepare the journal entries for XX and X under IFRS
first entries are Jan x
rd entry is Dec x
th entry is x
th and th entry is Nov x
Prepare the journal entries under ASPE.
first two journal entreis are for Jan x and rd entry is for
x and th entry is for nov x
Please pay attention to all details and make sure you follow the dates.
thank you very much in advance.
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