4. Under IFRS, other comprehensive income does NOT include

a) unrealized holding gains and losses on certain securities.

b) gains and losses on disposal of property, plant, and equipment.

c) gains and losses related to certain types of hedges.

d) certain gains and losses related to foreign exchange transactions.

5. Under IFRS, biological assets should normally be measured at

a) cost.

b) cost less accumulated depreciation.

c) fair value.

d) fair value less costs to sell.

9.Enviro Corporation had the following items as inventory as at December 31, 2020:

Item No. Quantity Unit Cost NRV

A1 130 $8.00 $8.40

B4 190 5.00 4.90

C2 190 12.00 12.90

D3 200 11.00 10.00

Assume that Enviro uses a perpetual inventory system and that none of the inventory items can be grouped together for accounting purposes. The year-end adjusting entry, applying Lower of Cost and NRV by individual items, should include a charge to cost of goods sold of

a) $219.

b) $188.

c) $35.

d) $0.