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Topic: AGRICULTURE Requirements: 1. How much is classified as biological assets that are accounted for under PAS 41 Agiculture?                         2. How much is classified as property, plant and equipment that are accounted for under PAS 16 Property, Plant and Equipment?                         3. How much is classified as agricultural produce?

Topic: AGRICULTURE Requirements: 1. How much is classified as biological assets that are accounted for under PAS 41 Agiculture?                         2. How much is classified as property, plant and equipment that are accounted for under PAS 16 Property, Plant and Equipment?                         3. How much is classified as agricultural produce?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic: AGRICULTURE

Requirements: 1. How much is classified as biological assets that are accounted for under PAS 41 Agiculture?

                        2. How much is classified as property, plant and equipment that are accounted for under PAS 16 Property, Plant and Equipment?

                        3. How much is classified as agricultural produce?

                        4. How much is classified as inventory?

PROBLEM 6: MULTIPLE CHOICE - COMPUTATIONAL Use the following information for the next four questions: The following information pertains to Madagascar Co. Sheep Rubber products Trees in a timber plantation Maize plants Lumber Pigs Roasted peanuts 500,000 Wool 6,000 10,000 Thread 3,000 95,000 Felled trees 8,000 40,000 Clothing 62,000 Milk 200,000 Carcass 150,000 9,000 7,000 20,000 Sugar 67,000
Transcribed Image Text:PROBLEM 6: MULTIPLE CHOICE - COMPUTATIONAL Use the following information for the next four questions: The following information pertains to Madagascar Co. Sheep Rubber products Trees in a timber plantation Maize plants Lumber Pigs Roasted peanuts 500,000 Wool 6,000 10,000 Thread 3,000 95,000 Felled trees 8,000 40,000 Clothing 62,000 Milk 200,000 Carcass 150,000 9,000 7,000 20,000 Sugar 67,000
13,000 140,000 Cotton plants Peanut plants Sugarcane Tobacco plants 10,000 Harvested cotton 5,000 Harvested peanuts 25,000 Harvested cane 45,000 Picked leaves 22,000 3,000 300,000 800,000 Oil palms 1,000,000 Picked grapes 600,000 Picked fruit Tea bushes 2,000 Dairy cattle 10,000 Fruit trees 2,000,000 43,000 Grape vines 300,000 Harvested latex 22,000 Cured tobacco 33,000 Wine 45,000 Processed fruit 60,000 Palm oil 75,000 Bean plants Tea 10,000 Rubber trees 320,000 500,000 20,000 50,000 20,000 Yarn Carpet Logs Wheat plants Cheese 88,000 Cured hams 92,000 Sausages
Transcribed Image Text:13,000 140,000 Cotton plants Peanut plants Sugarcane Tobacco plants 10,000 Harvested cotton 5,000 Harvested peanuts 25,000 Harvested cane 45,000 Picked leaves 22,000 3,000 300,000 800,000 Oil palms 1,000,000 Picked grapes 600,000 Picked fruit Tea bushes 2,000 Dairy cattle 10,000 Fruit trees 2,000,000 43,000 Grape vines 300,000 Harvested latex 22,000 Cured tobacco 33,000 Wine 45,000 Processed fruit 60,000 Palm oil 75,000 Bean plants Tea 10,000 Rubber trees 320,000 500,000 20,000 50,000 20,000 Yarn Carpet Logs Wheat plants Cheese 88,000 Cured hams 92,000 Sausages
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