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Which type of company can adopt the revaluation model

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Reference no: EM132630701

Problem 1: The parent's depreciation expense is based on

A. the subsidiary's cost.

B. the consolidated entity's current value of the asset.

C. the consolidated entity's cost.

D. the parent's cost.

Problem 2: Which type of company can adopt the revaluation model?

A. a public company following IFRS

B. a private company following ASPE

C. a public company following ASPE

D. a private company following a combination of IFRS and ASPE

Problem 3: Non-controlling interest is affected by

A. realized profits on downstream transactions.

B. unrealized profits on downstream transactions.

C. unrealized profits on upstream transactions.

D. realized profits on upstream transactions

Reference no: EM132630701

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