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According to International Financial Reporting Standards (IFRS), the revaluation of equipment when fair value exceeds book value results in a(n): Multiple Choice decrease in net

According to International Financial Reporting Standards (IFRS), the revaluation of equipment when fair value exceeds book value results in a(n):

Multiple Choice

decrease in net income.

increase in net income.

increase in other comprehensive income.

decrease in other comprehensive income.

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