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    Financial Accounting IFRS Study Set 1
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    Exam 9: Plant Assets, Natural Resources, and Intangible Assets
  5. Question
    The Journal Entry to Record a Revaluation When the Asset's
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The Journal Entry to Record a Revaluation When the Asset's

Question 265

Question 265

True/False

The journal entry to record a revaluation when the asset's price has increased includes a credit to the account Revaluation Surplus.

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