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Lenny's Llamas purchased 1,500 llamas on January 1,2015. These llamas will be sheared semiannually...

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Accounting

Lenny's Llamas purchased 1,500 llamas on January 1,2015. These llamas will be
sheared semiannually and their wool sold to specialty clothing manufacturers. The
Ilamas were purchased for $222,000. During 2015 the change in fair value due to
growth and price changes is $14,100, the wool harvested but not yet sold is valued
at net realizable value of $27,000, and the change in fair value due to harvest is
($1,750). What is the value of the llamas on Lenny's Llamas statement of financial
position on June 30,2015?
a. $234,350
-b. $222,000
-c. $220,250
-d. $193,250
Answer : 222,000+14,100-1.750
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