Pharming Refers to the Use of Transgenic Animals and Plants

question 4

Multiple Choice

Pharming refers to the use of transgenic animals and plants to produce protein drugs, such as

• A)the production of the blood factor antithrombin III in goat milk.
• B)the production of factor VIII protein, the blood-clotting factor, by bacteria.
• C)GM plants that have enhanced nutritional value.
• D)a transgenic monkey model for Huntington disease.

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Definitions:

AASB 41

The Australian Accounting Standards Board’s standard related to agriculture, which outlines how agricultural companies should account for and report their agricultural activity.

IAS 41

International Accounting Standard 41 is a framework governing the accounting and reporting of agricultural activity.

AASB 120

An Australian accounting standard regarding accounting for government grants and disclosure of government assistance.

IAS 20

A regulation named "Accounting for Government Grants and Disclosure of Government Assistance" under International Accounting Standards.