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Out 17 During the year ended 30 e 2016, a company's relation reserve increased from R300 000 to R80 000 as a result of a
Out 17 During the year ended 30 e 2016, a company's relation reserve increased from R300 000 to R80 000 as a result of a property revaluation. At the start of that financial year, the company's property had been valued at $10 000. Anuming that no property was disposed of during the year, which of the following statements is true? Marino 100 bor Select one O. The property valued amount was R380 000 b. The property's reved amount was R1 310 000 O c The property's revied amount was Rt 190 000 Od the property's valued amount was R10 000 18 Identify the CORRECT statement regarding the requirements of SH 101 LAAS TOT requires that the financial report must be presented in the English language IL AASS 101 requires that the financial report need not provide comparative information MAASB 101 requires that a financial report must include the name of the entity 1. AASA 101 requires that a financial report must cover the attairs of no more than one entity Maris out of Select one ATIV 8. L&V O.CL 17 During the year ended 30 June 2018 a company's revaluation reserve increased from R300 000 to R280 000 as a result of a property revaluation. At the start of that financial year, the company's property had been valued at R10 000. Assuming that no property was disposed of during the year, which of the following statements is true? Select one O a. The property's revalued amount was R330 000 O b. The property's revalued amount was R1 310 000 O c. The property's revalued amount was R1 190 000. O d. The property's revalued amount was R890 000 18 Identify the CORRECT statement regarding the requirements of AASB 101. LAASB 101 requires that the financial report must be presented in the English language I. AASE 101 requires that the financial report need not provide comparative information III. AASB 101 requires that a financial report must include the name of the entity V. MSO 101 requires that a financial report must cover the affairs of no more than one entity Select one DA I & IV OBLILI & IV CLI & O 0.18
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