According to the BRIE Model,which of the Following Is True

question 19

Multiple Choice

According to the BRIE model,which of the following is true of a resource?

• A) It includes a business name or government registration.
• B) It refers to moving goods or services to others for money.
• C) It is the most frequently occurring element of the BRIE model.
• D) It includes the product or service to be offered.

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Definitions:

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.