ANNUAL REPORT 2003 - 2004 E XECUTIVE CHAIRM AN'S LETTER Fellow investors and friends in wine, Each year at this time I summarise the last year's...

Write a short report ( 2 pages with 12 font , 1.5 line spacing and 2.5 cm margins on all sides) about Evans & Tate's accounting practices for the years 2001 to 2005 covering the following mattersa) the company's accounting policies used for valuing grapevines and inventory.b) The company's accounting policies for recognizing revenue.c) comment on some likely advantages of advantages of managers of Evans & Tate in adopting the accounting policies that is has used for inventory and grapevines, and revenue recognition.