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    Intermediate Accounting IFRS Study Set 1
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    Exam 11: Depreciation, Impairments, and Depletion
  5. Question
    Unrealized Gains from Revaluations Do Not Increase Net Income but Are
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Unrealized Gains from Revaluations Do Not Increase Net Income but Are

Question 5

Question 5

True/False

Unrealized gains from revaluations do not increase net income but are instead reported as components of other comprehensive income.

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