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When can the balance in the Revaluation Surplus (OCI) account be transferred to retained earnings? whenever a revaluation is performed at the end of every
When can the balance in the Revaluation Surplus (OCI) account be transferred to retained earnings?
| whenever a revaluation is performed |
| at the end of every year, or when the asset is sold |
| never |
| only when the revalued asset is sold |
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