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  3. Study Set
    Intermediate Accounting Reporting and Analysis
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    Exam 15: Contributed Capital
  5. Question
    Under IFRS Companies Are Allowed to Revalue Their Property, Plant
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Under IFRS Companies Are Allowed to Revalue Their Property, Plant

Question 75

Question 75

True/False

Under IFRS companies are allowed to revalue their property, plant, and equipment as well as intangible assets, the revaluation is based upon market value and can be either increased up or down.

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