2. Which of the following income and expense items is NOT recorded initially directly in equity?* (1 Point) The impairment of goodwill in accordance with IAS 36 Impairment of Assets, where the entity is confident that the factors giving rise to the impairment will reverse in a future period. Foreign currency translation adjustments arising on the translation of a foreign operations financial O statements from their functional currency in accordance with IAS 21 The Effects of Changes in Foreign Exchange Rates. An increase in the fair values of land & buildings, where the revaluation method is used to account for land & buildings in accordance with IAS 16 Property, Plant and Equipment. None of the above