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    Exam 3: Adjusting the Accounts
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    Revaluation of Land and Buildings Is Permitted Under
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Revaluation of Land and Buildings Is Permitted Under

Question 233

Question 233

Multiple Choice

Revaluation of land and buildings is permitted under


A) GAAP but not IFRS.
B) IFRS but not GAAP.
C) both IFRS and GAAP.
D) neither IFRS nor GAAP.

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