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Question 5 1 pts A company is using the fair value model for reporting its investment property. Last financial year its investment property was revalued
Question 5 1 pts A company is using the fair value model for reporting its investment property. Last financial year its investment property was revalued from 1.3 million to 1.6 million. How is this revaluation on investment property presented in the financial statements? 300,000 credited to profit or loss As an increase in cash of 300,000 from investing activities in the statement of cash flows As an addition of 300,000 to the share capital in the statement of financial position As a gain of 300,000 in 'other comprehensive income
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