1-Change in fair value of the biological assets between the beginning balance and ending balance should be classified to: a. price change and physical change b. price change and quality change c....

Extracted text: 1-Change in fair value of the biological assets between the beginning balance and ending balance should be classified to: a. price change and physical change b. price change and quality change c. price change and quantity change d. quantity change and quality change 2-which of the following would not be measured at fair value less expenses to sell: a. herd of sheep b. wheat and maize C. apples were detached today from the tree d. cheese that was produced from milk cow 3-the basis that we use to prepare the four financial statements is/are: a. cash basis b. both accrual and cash basis c. fund basis d. accrual basis 4-price change and physical changes of fair value must appear respectively in: a. income statement and other comprehensive income b. other comprehensive income and income statement c. income statement and retained earnings statement d. income statement and income statement