Professional Documents
Culture Documents
2014 Vol 1 CH 9 Answers
2014 Vol 1 CH 9 Answers
CHAPTER 9
BIOLOGICAL ASSETS
9-3.
(a) Price Change
2 year-old animals on Jan. 1 10 x (P10,500 P10,000) P5,000
2.5 year-old animal on July 1 1 x (P11,100 P10,800) 300
Animal born on July 1 1 x (P7,200 P7,000) 200
Change in FV less CTS due to Price Change P5,500
Physical Change
3 year-old animals on 12/31 10 x (P12,000 P10,500) P15,000
3 year old animal on 12/31 1 x (P12,000 P11,100) 900
Born on July 1 (upon birth) 7,000
On December 31 P8,000 P7,200 800
Change in FV less CTS due to Physical Change P23,700
88
Chapter 9 Biological Assets
MULTIPLE CHOICE
MC1 B MC8 B
MC2 D MC9 A
MC3 C MC10 B
MC4 D MC11 B
MC5 D MC12 B
MC6 B MC13 C
MC7 B MC14 A
89