Multiple Choice
Which of the following is correct with respect to the "fair value model"?
A) A model that recognizes changes in value of the asset in the statement of changes in equity.
B) A model that recognizes changes in value of the asset in the revaluation surplus account.
C) A model that recognizes changes in value of the asset in other comprehensive income.
D) A model that recognizes changes in value of the asset in profit or loss.
Correct Answer:
Verified
Correct Answer:
Verified
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