Examlex
In mammals,the trophoblast layer in a blastocyst will become part of the
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.
Economic Benefits
The benefits obtained from the use of goods or services that contribute to an entity's cash flow.
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