Examlex
The three segments of the small intestine are the duodenum, jejunum, and ileum.
Fair Value
The sum one would obtain from selling an asset or the cost to move a liability in a smooth exchange among market players on the date of valuation.
Biological Asset
A living animal or plant.
AASB 141
Refers to the accounting standard issued by the Australian Accounting Standards Board that deals with agriculture and requires biological assets to be measured at their fair value less estimated point-of-sale costs.
IAS 41
An International Accounting Standard that outlines the accounting for agricultural activity, including the transformation of biological assets (living plants and animals) into agricultural produce.
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