Question: Please give Step by step Explanation answer otherwise skip. The biological assets owned by Tuesday Farm Inc. are as follows: On December 31, 2021, what

Please give Step by step Explanation answer otherwise skip.

The biological assets owned by Tuesday Farm Inc. are as follows: On December 31, 2021, what is the carrying value of biological assets? P1,304,560 379,264 451,043 Carrying amount, Jan. 1, 2021 Purchases Gain arising from changes in fair value less costs to sell attributable to physical change Gain arising from changes in fair value less costs to sell attributable to price change Sales 581,923 1,090,450 On December 31, 2021, what is the carrying value of biological assets

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Please give Step by step Explanation answer otherwise skip. Friday Company owned wool (agricultural produce) that it had bought from ten other farms for P450,000 on December 31, 2018. At the end of...

Justin Stone was an employee of DataCare Services, Inc. His salary was $45,000 through November 10, 2021, when he was laid off. DataCare Services provided medical insurance for Justin and his family...

complete a case study report for this course. You will complete three reports which will be evaluated based on timely submission, accuracy, completeness, and format. #1 1.Read the case. 2. Journalize...

Please post trial balances even if the ending balance amount given below does not match. Much appreciated if all necessary steps are done. Step 2 - Journalize the transactions Record the transactions...

please pay attention to the correct balance amounts given. Step 2 - Journalize the transactions Record the transactions for Sharpe Inc. in the general journal. There is no journal form provided, you...

Study Guide Healthcare Statistics By Jacqueline K. Wilson, RHIA About the Author Jacqueline K. Wilson is a Registered Health Information Administrator (RHIA) who has more than ten years of experience...

Can you help me create a financial statement, please let me know if you need more information. Thank you :) Template: Transaction: Journal Entries: Adjusting Journal Entries: T-Accounts: Bank...

(Added steps and hints for this problem at the bottom) During 2020, Amy Nelson and Jeffrey Smith decided they would like to start their own gourmet hamburger business. While they recognized it was a...

Help please, I need the Journal Entries for each transaction C ACCOUNTING Part One Instructions Record the September 2021 transactions, Journal entries, in an Excel Spreadsheet. An example of an...

1. In 2013, several data server companies took a dramatic decision to begin using energy surcharges to recapture rising energy costs. However, customers are critical of how the energy surcharges are...

In each of the following instances, determine whether the good is normal or inferior, and whether it is incomeelastic or incomeinelastic. a. If income increases by 10 percent and the quantity...

Let T: R3 V be a linear transformation from R3 to any vector space. Show that the kernel of T is a line through the origin, a plane through the origin, the origin only, or all of R3.

Putting $ 1 0 0 in a swings account today and earning 4 % interest over the next year illustrates the concept of the time value of money opportunity cost. inflationary impact. principal modification

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...