Suppose you note that a company has revalued its land and buildings as reported in the statement
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Suppose you note that a company has revalued its land and buildings as reported in the statement of financial position (balance sheet). What evidence would you expect to see as justification for the amount of the revaluation? What questions might you ask about the basis of revaluation?
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When a company revalues its land and buildings stakeholders would expect to see evidence and justification for the amount of the revaluation to ensure ...View the full answer
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