Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 01, 2024

Rahmah Farm Bhd raises 3,000 cattle in its farm in Kluang. The company slaughter the cattle and supply the carcasses to local market. Choose the

Rahmah Farm Bhd raises 3,000 cattle in its farm in Kluang. The company slaughter the cattle and supply the carcasses to local market. Choose the right statement. (2 Points)

a) Rahmah should account the live cattle according to MFRS 102 and the carcasses under MFRS 141.

b)Rahmah should account the live cattle according to MFRS 141 and the carcasses under MFRS 102.

c)Rahmah should account the live cattle according to MFRS 116 and the carcasses under MFRS 102.

d)Rahmah should account the live cattle according to MFRS 141 and the carcasses under MFRS 116.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial Accounting Ch 1 17

Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton

1st Edition

0077370457, 9780077370459

More Books

Students also viewed these Accounting questions

Question

★★★★★

John Hobelsberger lived alone on his farm near Kranzburg, South Dakota. A grandniece, Phyllis Raml, and her husband, Ralph, lived on and operated a farm about two miles away. Hobelsberger and the...

Answered: 1 week ago

Question

★★★★★

Assuming the normality assumption is valid, compute a 95% confidence interval for ????0 when (a) ????0 = 78.2, ????????(????0) = 14.5, and ???? = 61. (b) ????0 = 20.5, ????????(????0) = 1.05, and...

Answered: 1 week ago

Question

★★★★★

Yesterday Sanjay sold 1,000 shares of stock that he owned for $45 per share. When he purchased the stock two years ago, Sanjay paid $50 per share. Every three months during the time that he held the...

Answered: 1 week ago

Question

★★★★★

Brief Exercise 6-9 Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago Industries, Inc. reported ending inventory at August 29, 2017, of $44,946,000 under the LIFO...

Answered: 1 week ago

Question

★★★★★

1. Suppose Alice has a utility function over cookies and marshmallows given by: UA(CA, MA) = (CA)3/4 (MA) 1/4 and suppose Bob has a utility function given by: UB(CB, MB) = (CB) Z (MB) 1/2 Their...

Answered: 1 week ago

Question

★★★★★

An IT director reviews a cyber security audit and learns that an old accounting server is significantly out of compliance. Rather than attempting repairs, the director concludes that decommissioning...

Answered: 1 week ago

Question

★★★★★

The purpose of one-way ANOVA is to compare multiple means from the variations of the mean. The null hypothesis is Ho = 2 = = k and alternate is HA i Hj. We have the sample data in the table: Y1 Y2...

Answered: 1 week ago

Question

★★★★★

Answer any two questions from the 3 questions below. At least one market equilibrium graph is required and at least a page to response to explain the graph and answer the question. Question #1:...

Answered: 1 week ago

Question

★★★★★

You have recently been hired as the VP of Talent Management. One of your primary duties is Human Resource Planning (HRP), ensuring that the organization, has the "right" employees in the "right" jobs...

Answered: 1 week ago

Question

★★★★★

On March 10 2021, in Strasbourg France, a fire broke out and destroyed one of four data centers of the French cloud computing company 'OVH', one of Europe's top cloud computing service provider's...

Answered: 1 week ago

Question

★★★★★

What are your thoughts on women showing cleavage at work? Should cleavage be covered or shown? Why? In your opinion, is a low neckline meant to be seductive, with intentional sexual innuendo?

Answered: 1 week ago

Question

★★★★★

Should religious people be given breaks and a special place to pray during their work time?

Answered: 1 week ago

Question

★★★★★

Clearly, women and minorities were held back from employment opportunities in the past. So shouldnt we give them special consideration today (like giving them jobs when they are qualified even though...

Answered: 1 week ago

Previous Question Next Question