Which of the following statements is incorrect?

Select one:

a. The fair value adjustments may be made via the consolidation worksheet or in the actual records of the subsidiary.

b. All assets can be revalued in the subsidiary's accounts.

c. If the assets can be revalued in the subsidiary accounts, the increase in value will be recognised as part of the pre-acquisition equity in asset revaluation surplus.

d. If the assets are revalued in the consolidation worksheet, the increase in value will be recognised as part of the pre-acquisition equity in the business combination valuation reserve.