Multiple Choice
Which of the following is correct with respect to the accounting for "investment properties"?
A) Under IFRS, fair values must be disclosed if the cost model is used.
B) Under ASPE, fair values must be disclosed if the cost model is used.
C) Under IFRS, either the revaluation or fair value model may be used.
D) Under ASPE, either the revaluation or fair value model may be used.
Correct Answer:
Verified
Correct Answer:
Verified
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