What is difference of a biological asset from an inventory

Reference no: EM132810795

Question - What is the difference of a biological asset from an inventory?

1. Give at least 5 biological assets and identify their agricultural produce.

2. In a biological asset, what are the treatment of expenses incurred after the point of harvest?

3. What is the difference of an equity security as against a debt security?

4. What are the initial cost of the following equity security (a) fair value through profit or loss and (b) fair value through other comprehensive income.

5. Give the rules on reclassification of an equity securities.

Reference no: EM132810795

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