Q1 Which of the following in Nor a reason as to why the insc felt shat ecriculture was an indusery that neceded its own industry spectic standione? c. Accounfing Eudelines for agriculturat Actavity previoush developet by haticinal utandars setters had been piecemeal D. The nature of abricuttural activity had crealed uncertainty or coudicts whin uppling: traditional accoumtine models. Q3, AAS1 141/hAS 41 requires disclosure of which of the following? A Adegregate gain or lass on initial recognition of biological alsets B Ealr value of agriculfural produce harvested during the peribat, at peint of harvest? D Fair value changes attroutable to price changes Q5. Which of the following would be disclosed in the statement of financial position as a biologleal aset under AASB 141 /AS 41? A Winer 8 Micked fruit ceotion D Jirnber Q7. The International Accountiny Standards describes five main activities for extractive industries. Development activities fefer to: A identifyngt the likely quality and quantity of the mineral resources. A searchiru for eeological features that sugnest the potentiat presence of mineral reseurces. C pstablishing access to the site and the mineral reserve, and developing site infrastructure: to support the workforce. D determinirg if the extraction of mineral resocirces is technically feasible and commercially viable. Q9. Accounting policles for pre-explaration and evaluation costs should be determined In accordance with: D. AASA 108/MSB: CAASB I06: D AASA Bhfris 8