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When can the balance in the Revaluation Surplus ( OCI ) account be transferred to retained earnings? Question 4 options: A ) whenever a revaluation
When can the balance in the Revaluation Surplus OCI account be transferred to retained earnings?
Question options:
A
whenever a revaluation is performed
B
never
C
only when the revalued asset is sold
D
at the end of every year, or when the asset is sold
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