There should never be a gain on an intercompany sale of equipment when the selling company uses

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“There should never be a gain on an intercompany sale of equipment when the selling company uses the revaluation model under IAS 16 and the equipment is sold at fair value.” Is this statement true or false? Explain.

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Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

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Question Posted: Jun 08, 2015 07:18 AM

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There should never be a gain on an intercompany sale of equipment when the selling company uses

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This statement is true There should never be a gain on the consolidated inc...View the full answer

Modern Advanced Accounting In Canada

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