A company purchased 1500 cows on January 1, 2015. The cows were purchased for $222000. During...
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A company purchased 1500 cows on January 1, 2015. The cows were purchased for $222000. During 2015 the change in fair value due to growth and price changes is $14100, the milk produced but not yet sold is valued at net realizable value of $27000, and the change in fair value due to milking is ($1750). What is the value of the cows on the company's statement of financial position on June 30, 2015? $234350 $222000 $220250 $193250 A company purchased 1500 cows on January 1, 2015. The cows were purchased for $222000. During 2015 the change in fair value due to growth and price changes is $14100, the milk produced but not yet sold is valued at net realizable value of $27000, and the change in fair value due to milking is ($1750). What is the value of the cows on the company's statement of financial position on June 30, 2015? $234350 $222000 $220250 $193250
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Purchased 1500 Coras Jan 1 2us CONS 245 for 222000 Change ... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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