If a non-U.S. company chooses to revalue a longterm operating asset upward in accordance with IAS 16,

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If a non-U.S. company chooses to revalue a longterm operating asset upward in accordance with IAS 16, how is the unrealized “gain” on the revaluation recognized in the financial statements?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 11:45 PM

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If a non-U.S. company chooses to revalue a longterm operating asset upward in accordance with IAS 16,

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