Question
In relation to an asset revaluation surplus, an entity Select one: a. can transfer the surplus to current period profit or loss when the asset
In relation to an asset revaluation surplus, an entity
Select one:
a. can transfer the surplus to current period profit or loss when the asset is disposed
b. is not able to use this surplus for the payment of future dividends
c. is not able to transfer this surplus to any other reserve account
d. is able to use this surplus for the payment of future dividends
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
