An entity owns a number of herds of cattle. Where should changes in the fair value of a herd of cattle be recognized in

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answerhappygod
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An entity owns a number of herds of cattle. Where should changes in the fair value of a herd of cattle be recognized in

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An entity owns a number of herds of cattle. Where should changesin the fair value of a herd of cattle be recognized in thefinancial statements?
a. In profit or loss only
b. In other comprehensive income only
c. In profit or loss or other comprehensive income
d. In the statement of cash flows only
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