Emmerdale Farm operates near Orangeville, Ontario (which is approximately 90 kilometers from Toronto). ...
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Emmerdale Farm operates near Orangeville, Ontario which is approximately kilometers from Toronto Emmerdale's fiscal year end is December On January X Emmerdale purchased some chickens. In total, chickens were purchased for $ The chickens required feeding and other costs to humanely maintain them. The total such cost up to year end, December X was $ The same cost in the fiscal year was $ Emmerdale routinely hires the services of a local livestock appraiser an expert in determining the Fair Value of farm animals and she indicated the Fair Value of the chickens was $ as at December X On October X the chickens were slaughtered: total cost of this procedure was $ The same livestock appraiser determined that the resulting carcasses had a Fair Value of $ on October X Required: Prepare the journal entries for and under IFRS. If no entry is required for a transactionevent select No journal entry required" in the first account field. Use the account "Biological asset chickens" as the initial asset account. 
Emmerdale Farm operates near Orangeville, Ontario which is approximately kilometers from Toronto
Emmerdale's fiscal year end is December
On January X Emmerdale purchased some chickens. In total, chickens were purchased for $
The chickens required feeding and other costs to humanely maintain them. The total such cost up to year end, December X
was $
The same cost in the fiscal year was $
Emmerdale routinely hires the services of a local livestock appraiser an expert in determining the Fair Value of farm animals and she
indicated the Fair Value of the chickens was $ as at December X
On October X the chickens were slaughtered: total cost of this procedure was $
The same livestock appraiser determined that the resulting carcasses had a Fair Value of $ on October X
Required:
Prepare the journal entries for and under IFRS. If no entry is required for a transactionevent select No journal entry
required" in the first account field.
Use the account "Biological asset chickens" as the initial asset account.
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