Under IFRS agricultural activity results in which of the fol

Under IFRS, agricultural activity results in which of the following types of assets?
I. Agricultural produce
II. Biological assets

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I only.

II only.

I and II.

Neither I nor II

Under IFRS, Agriculture activity results in following types of assets:

Agriculture activity includes both type of assets :

I) Agriculture produce

II) Biological assets

so answer is c) I and II