Multiple Choice
How is revaluation of non-current assets accounted for?
A) Revaluation surplus is always booked to profit and loss.
B) Revaluation loss is booked to other comprehensive income.
C) Cumulative revaluation loss is booked to profit and loss.
D) Revaluation surplus is not recognized in other comprehensive income.
Correct Answer:
Verified
Correct Answer:
Verified
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