D Ltd. is a globally diversified business conglomerate with operations spanning across various business sectors worldwide. The company adheres to…

D Ltd. is a globally diversified business conglomerate with operations spanning across various business sectors worldwide. The company adheres to Indian Accounting Standards for maintaining its financial records and annually releases its financial statements. As the finance team progresses towards finalizing the financial statements for the fiscal year ending on 31st March 20X2, the team is stuck up in the accounting of the following transactions: (i) D Ltd., for its dairy business, purchased cattle at an auction on 30th June 20X1 Purchase price at 30th June 20X1 1,00,000 Costs of transporting the cattle back to the entity's farm 1,000 Sales price of the cattle at 31st March, 20X2 1,10,000 The company would have to incur similar transportation costs if it were to sell the cattle at auction, in addition to an auctioneer's fee of 2% of sales price. The auctioneer charges 2% of the selling price, from both, the buyer as well as the seller. (ii) D Ltd. has certain financial instruments: Irredeemable preference shares with face value of 10 each and premium of 90. These shares carry dividend @ 8% per annum, however dividend is paid only when D Ltd declares dividend on equity shares.Borrowings from Z Ltd. for 10,00,000 with settlement against issue of a certain number of equity shares of D Ltd. whose value equals - 10,00,000. Fair value per share (to determine total number of equity shares to be issued) be determined based on the market price of the shares of D Ltd. at a future date, upon settlement of the contract. Analyze the transactions mentioned above and choose the most appropriate option in the below questions 7 to 10 in line with relevant Ind AS: