Which of the following are required disclosures under AASB 141/IAS 41?
I. Fair value changes attributable to price changes.
II. Fair value changes attributable to physical changes.
III. Aggregate gain or loss on initial recognition of biological assets.
IV. Fair value of agricultural produce harvested during the period, at point of harvest.

Question

Quizplus · Accepted Answer

Only options III and IV are required disclosures under AASB 141/IAS 41. Option I is not a required disclosure as it relates to changes in market prices rather than changes in the nature of the asset, and option II is not a required disclosure as it relates to changes in physical characteristics rather than fair value.

Which of the Following Are Required Disclosures Under AASB 141/IAS