Reference no: EM133063440
Question - The following information pertains to Google Company, a business operating in a diverse agricultural activity
Heifers 300,000 Cows 250,000
Breeder Pigs 100,000 Dairy Cattle 275,000
Mango Trees 425,000 Apple Trees 585,000
Grapevines 318,000 Tobacco 180,000
Sugar Cane 224,000 Picked Grapes 118,000
Pickled Fruits 437,000 Fruit Cocktail 473,000
Skimmed Milk 282,000 Animals in Zoo 835,000
Apples to be harvested next week 215,000 Unprocessed Dairy Milk 305,000
Butter 185,000
Required -
1. How much of the items shall be treated as biological assets under PAS 41?
A. 2,263,000
B. 1,377,000
C. 1,444,000
D. 423,000
2. How much of the items shall be treated as assets under PAS 2?
A. 2,263,000
B. 1,377,000
C. 1,444,000
D. 423,000
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