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Ignoring reversals of previous revaluations, do you think that requiring revaluation decrements to be part of the period's profit or loss but letting revaluation increments
Ignoring reversals of previous revaluations, do you think that requiring revaluation decrements to be part of the period's profit or loss but letting revaluation increments go to the revaluation surplus is consistent with the requirements of the AASB Conceptual Framework? Explain your answer.
Do i have to include this sentence" Increase in revaluation surplus is not included in profit and loss account it is included in 'other comprehensive income'"?
And I wonder what to write for the answe
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