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      Question

      Which of the following statement is not true with

      regards to a bearer plant as per IND AS 16:
      A A bearer plant is a living plant that is used in the production or supply of agricultural produce Correct Answer Incorrect Answer
      B A bearer plant is a living plant that is expected to bear produce for more than one period Correct Answer Incorrect Answer
      C A bearer plant is a living plant that has a high likelihood of being sold as agricultural produce, except for incidental scrap sales. Correct Answer Incorrect Answer
      D A bearer plant is a living plant that has a remote likelihood of being sold as agricultural produce, except for incidental scrap sales. Correct Answer Incorrect Answer

      Solution

      A bearer plant is a living plant that:

      1. is used in the production or supply of agricultural produce;

      2. is expected to bear produce for more than one period; and

      3. has only a remote likelihood of being sold as agricultural produce, except for incidental scrap sales.

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