(6) Sloan Company has owned an investment during 2020 that has increased in fair value. After all closing entries for 2020 are completed, the effect of the increase in fair value on total shareholders' equity would be: a. b. C. Higher under the FVOCI than under the FVTPL investments classification. Lower under the FVOCI than under the FVTPL investments classification. The same under the FVOCI as under the FVTPL investments classification. Not possible to identify whether the FVOCI or FVTPL investments classification yield higher shareholders' equity given this information. d. (7) Robertson Co. purchased the equipment in early 2023 and chose to use the revaluation model for this equipment. At the end of 2023, Robertson recognized revaluation surplus of $10. In the middle of 2024, Robertson sold this equipment. Which of the following statements is correct: a. b. The revaluation surplus $10 will be directly transferred to the gain on disposal. The revaluation surplus $10 will be directly transferred to retained earnings. The revaluation surplus $10 will be directly transferred to paid-in capital account. The revaluation surplus $10 will remain unchanged. C. d