Question
If any gain or losses arising from the valuation of liabilities are reported in the income statement and the gain and losses derived from the
If any gain or losses arising from the valuation of liabilities are reported in the income statement and the gain and losses derived from the revaluation of assets are recognized under equity in the balance sheet, what is the effect on the financial statements (both income statement and balance sheet).
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
