Which of the following is NOT a reason as to why the IASC felt that agriculture was an industry that needed its own industry specific standard?

Question

Quizplus · Accepted Answer

The IASC did not feel that agriculture was an emerging industry at the time. Instead, the reason for developing an industry-specific standard was due to the exclusions of assets related to agricultural activity from other standards, the piecemeal nature of previous accounting guidelines, and the nature of agricultural activity creating uncertainties or conflicts with traditional accounting models.

Which of the Following Is NOT a Reason as to Why