In Relation to a Revaluation Surplus, an Entity

Multiple Choice

In relation to a revaluation surplus, an entity:

A) cannot use this surplus for the payment of future dividends.
B) can transfer this surplus to retained earnings when the asset is derecognised or used.
C) cannot transfer this surplus to any other reserve account.
D) can transfer the surplus to the current period profit or loss when the asset is disposed of.