Question
A revaluation surplus is a reserve account that arises when: a) an entity uses fair value rather than cost to measure its long-term assets. b)
A revaluation surplus is a reserve account that arises when: a) an entity uses fair value rather than cost to measure its long-term assets. b) an entity uses cost rather than fair value to measure its long-term assets.
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Auditing An Assertions Approach
Authors: G. William Glezen, Donald H. Taylor
7th Edition
047113421X, 978-0471134213
