Which of the following is NOT one of the recognition criteria contained within IAS 41 in relation to recognition of a biological asset or agricultural produce as an asset?
A) the asset has physical form
B) the entity controls the asset as a result of past events
C) it is probable that future economic benefits associated with the asset will flow to the entity
D) the fair value or cost can be reliably measured
Correct Answer:
Verified
Q2: IAS 41 requires disclosure of which of
Q3: Milko owns dairy cattle. The market
Q4: Which of the following require disclosures to
Q5: Which of the following statements is correct
Q6: Agricultural produce is defined in IAS 41
Q7: Which of the following would be disclosed
Q8: Which of the following is NOT a
Q9: Fishy Co. operates a fish farm. IAS
Q10: Which of the following is NOT considered
Q11: When determining the fair value of biological
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