Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) AASB 3/IFRS 3 Business Combinations requires that any revaluations of a subsidiary's assets at acquisition date must be done in the consolidation worksheet.
B) The revaluation of non-current assets in the subsidiary's records means that the subsidiary has adopted the cost model of accounting for those assets.
C) Revaluations of assets such as goodwill and inventory are not permitted in the accounting records of the subsidiary.
D) Inventory can be revalued to an amount greater than its cost in the records of the subsidiary.