BIOLOGICAL ASSETS C16 Which of the following statements is valid? a. When a calf is born, a gain arising from change in fair value less cost to sell due to price change is recognized in profit or loss. b. When a calf is born, a gain arising from change in fair value less cost to sell due to price change is recognized in other comprehensive income. C. When a calf is born, a gain arising from change in fair value less cost to sell due to physical change is recognized in profit or loss. d. When a calf is born, a gain arising from change in fair value less cost to sell due to physical change is recognized in other comprehensive income