Examlex
Which of the following is defined, in part, by the absence of purging?
Agricultural Produce
Products that result from the cultivation and harvest of plants, animals, and other organic materials for human consumption and use.
Fair Value
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Agricultural Activities
Operations involved in the cultivation of land, raising and managing livestock, and growing crops, intended for the production of food and raw materials.
AASB 141
AASB 141 refers to the Australian Accounting Standards Board's standard on Agriculture, outlining how to account for agricultural activities in financial statements.
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