What is revaluation; to what does it apply; and how would it result in a revaluation surplus?

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What is revaluation; to what does it apply; and how would it result in a revaluation surplus? Where does the revaluation surplus appear in the financial statements?

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International Financial Reporting Standards An Introduction

ISBN: 978-1133187943

3rd Edition

Authors: Belverd E. Needles, Marian Powers

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Question Posted: Aug 01, 2012 02:06 AM

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What is revaluation; to what does it apply; and how would it result in a revaluation surplus?

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Revaluation recognizes a change in the fair value of an asset after its init...View the full answer

International Financial Reporting Standards An Introduction

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