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please answer all the questions immediately thankyou 17. Which of the following is not considered as bearer plant and PAS 16 will not be applied

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please answer all the questions immediately thankyou

17. Which of the following is not considered as bearer plant and PAS 16 will not be applied to it? * (1 Point) Narra trees in the plantation for cutting when matured and to be sold to furniture manufacturers Coconut tree that is expected to bear coconut fruits for copra production Grape vines in the vineyard in various tounst locations in La Union Mango tree used to bear mango fruit for harvest during summer 18. ABC Co. bough a merchandise and the supplier grant a payment scheme of installment basis. Should a liability record in the books of ABC Co.fi (1 Point) Information given is insufficient to determinelif liability is to be recognized Yes, because an obligation anse on the economie transaction No, because the obligation matures in tranches Yes because the identity of the counter attulis dentable 19. In which of the following scenario does "Communicating process" in accounting is not present? (1 Point) Preparing the chronological journal entries based on source documents Drafting and publishing the balance sheet and other financial statements Sorting related economic transactions into classes and getting their totals Determining the liquidity of the company using the balance sheet 20. Inventory are usually written down to net realizable value in which of the following ways? * (1 Point) us By group of similar quality of materials In total amount of all the inventory items held By geographical location of the inventory items By individual items of inventory 21. How is the impairment loss reported? * O (1 Point) As part of the profit or loss section of the statement of comprehensive income As another comprehensive loss component in the equity As change in accounting policy since the carrying value of the asset is technically change As a debit to retained earnings

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