Harvest Moon Produce Has Several Acres of Farmland on Which

question 97

Multiple Choice

Harvest Moon Produce has several acres of farmland on which they grow asparagus.Asparagus takes five or more years to produce its first crop, and afterwards produces every two years.Harvest Moon grows the crop in rotation so they will have product every year.The costs that Harvest Moon undertakes to maintain the non-producing acreage in a given year should be charged to:

• A)net income.
• B)other comprehensive income.
• C)deferred costs.
• D)retained earnings.

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