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Your answer is partially correct. Oriole Ltd. owns land that it purchased at a cost of 472,000 in 2020. The company chooses to use
Your answer is partially correct. Oriole Ltd. owns land that it purchased at a cost of 472,000 in 2020. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2020, 531,000; 2021, 424,800: 2022, 454,300; 2023, 483,800; and 2024, 542.800. Complete the following table. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) Value at December 31 Other Comprehensive Income 2020 2021 59000 -47200 Accumulated Other Comprehensive Income 59000 Recognized in Net Income 0 2022 -17700 0 0 2023 11800 11800 0 2024 Tavthank and Media 59000 70800
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