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How is the account revaluation surplus reported

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Reference no: EM132764326

Problem 1: Under IFRS, how is the account revaluation surplus reported?

a. the account is not reported in the financial statements.

b. it is included with reserves in the stockholders equity section of the Statement of Financial Position

c. As other revenues and expenses on the income statement

d. as part of other comprehensive income which can be reported presented in separate statement, combined with income statement, or in changes in stockholders equity statement.

Reference no: EM132764326

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