Estate Winery
Estate Winery
Topic covered: IAS 41 Agriculture

Date prepared/updated: July 2011

Question length: 3 pages
Solution length: 9 pages

Prepare the journal entries required at year-end to comply with IFRSs (ignore taxes) based on the information provided. Include related analyses and calculations. Prepare a revised balance sheet (i.e. statement of financial position) at December 31, 20X2. Prepare the note disclosure required under IAS 41 Agriculture.

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