ias41 1. •A farmer own a sheep herd of two years old each, at Jan 1st 2019. the number of sheep in the herd was 300. th

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ias41
1.
•A farmer own a sheep herd of two years old each, at Jan 1st2019. the number of sheep in the herd was 300. the fair valueof the herd at this date was $30,000. the fair value of thetwo-year and three-year old animals at Dec 31st 2019 are $120 and$135 respectively.
The increase in the fair value due to prices changes:
a.$6,000
b.$4,500
c.$10,500
d.$0
2.
•A farmer own a sheep herd of two years old each, at Jan 1st2019. the number of sheep in the herd was 300. the fair valueof the herd at this date was $30,000. the fair value of thetwo-year and three-year old animals at Dec 31st 2019 are $120 and$135 respectively.
The increase in the fair value due to physical changes:
a.$6,000
b.$4,500
c.$10,500
d.$0
3.
•A farmer own a sheep herd of two years old each, at Jan 1st2019. the number of sheep in the herd was 300. the fair valueof the herd at this date was $30,000. the fair value of thetwo-year and three-year old animals at Dec 31st 2019 are $120 and$135 respectively.
The increase in the fair value due to price changes and physicalchanges would be recognized respectively:
a.Income statement and other comprehensive income
b.Both should be recognized in income statement
c.Both should be recognized in other comprehensive income
d.Other comprehensive income and income statement