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An asset originally cost OMR 15,000 and was revaluated to OMR 20,000. How the gain on revaluation will be reported on statement of financial position?

An asset originally cost OMR 15,000 and was revaluated to OMR 20,000. How the gain on revaluation will be reported on statement of financial position? choose the correct answer:

a- 20000 will show in income statement

b- 5000 will show in comprehensive income

c- 5000 will show under the heading revaluation surplus

d- 15000 will show under the heading revaluation surplus

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