16.1 The accounting practice of an agricultural business requires the measurement and recognition of ………., ………., liabilities, expenses, and equity.
16.2 .....… is an entity’s management of the biological transformation and harvest of biological assets for sale or the conversion into agricultural produce or into other biological assets.
16.3 …… is the process of growth, degeneration, production, and procreation that cause qualitative or quantitative changes in a biological asset.
16.4 ........ of biological assets is the detachment of the produce from a living plant or animal.
16.5 The land related to agricultural activity is measured and recognised using either IAS …… or ……..
16.6 Bearer plants related to agricultural activity is measured and recognised using IAS ………
16.7 Government grants related to bearer plants are measured and recognised using IAS ………..
16.8 IAS ……. sets out the accounting treatment and disclosures for agricultural activity, agricultural produce at the point of harvest and government grants related to agricultural activity.
16.9 The produce of bearer plants is within the scope of IAS …..
16.10 …….. relating to agricultural activity are awards denominated in monetary terms given by a government authority to a beneficiary or business entity that is involved in agricultural activity.
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