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IAS 41
The International Accounting Standard on Agriculture, concerning the accounting for agricultural activity and the management of biological assets and agricultural produce.
Market Value
The current price at which an asset or service can be bought or sold in the market.
Lactation Rate
The rate at which a female mammal produces milk postpartum, often used in agricultural contexts to measure dairy productivity.
AASB 141
An Australian accounting standard that specifies the accounting treatment and disclosures related to agricultural activity.
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