Under IAS 40 (Investment Property), gains or losses from revaluation are: A) Recognized in revaluation surplus. B)

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Under IAS 40 (Investment Property), gains or losses from revaluation are:

A) Recognized in revaluation surplus.

B) Recognized in current income.

C) Not permitted.

D) Recognized either in current income or revaluation surplus at the option of the management.

Related Book For answer-question

Financial Accounting Theory and Analysis Text and Cases

ISBN: 978-1118582794

11th edition

Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey

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Posted Date: Oct 27, 2020 04:31 AM

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Under IAS 40 (Investment Property), gains or losses from revaluation are: A) Recognized in revaluation surplus. B)

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Financial Accounting Theory and Analysis Text and Cases

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