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  3. Study Set
    Intermediate Accounting IFRS Study Set 1
  4. Exam
    Exam 11: Depreciation, Impairments, and Depletion
  5. Question
    Revaluation Surplus Is a Temporary Account Which Is Closed to Retained
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Revaluation Surplus Is a Temporary Account Which Is Closed to Retained

Question 4

Question 4

True/False

Revaluation surplus is a temporary account which is closed to Retained Earnings at the end of an accounting period.

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