"You will eneed to check this out with you raccoutnatn. You are taking them on with value but I guess the value s not taxable. So its an other income account - non taxable income.
Another way would eb to take them on as a stock purchase wiht…"
Each year I get lambs some of which I sell others I keep as breeding stock. I have 2 categories - Breeding Stock Inventory and Sales Stock Inventory what would be the other side of these transactions when they are lambs born on the property ? See More