4.3 TRUE OR FALSE Write true if the statement is correct Ifyou believe otherwise, writo false and state you reason briefly 1 Revaluation increment in propery anses from the cost model of measuring property plant and 2 Foreign currency translation gain or toss anses once the company translates the tems n the equipment financial statements from functional currency to foreign currency 3 Cash dividends payments are deductions from the beginning balance of the reserves 4 When a business entity issued additionai shares at a pnce higher than par value share, the aggregate amounts are shown as addition to share capital ine item 5 Current appropnations are transfers from the retained earnings to the reserves 6 A statement of comprehensive income is synonymous with statement of changes in equity 7 Cash includes cash on hand petty cash fund interest fund, dindend fund and cash in bank not restricted for withdrawat 8 Cash equivalents are short-term money market instruments that are highly liquid and readly convertible to cash 9 A time deposit with 120-day maturity penod is classiffed as cash equvalent 10 A statement of cash flows is useful in provding users information about the abity ot the entty to generate and utilize cash and cash equivalents