Case 2 10 Marks Choose any two (2) from the four (4) cases below. (Each case is worth 5 Marks) (a) If a company finds retrospectively that the expected pattern of consumption of future economic benefits of an asset has changed, how must this be accounted for and which standard(s) applies? (b) Gains on revaluation are included within OCI, but losses on revaluation are included within profit or loss? Is this statement correct? Please justify your answer with reference to the appropriate standard(s). (c) Explain the importance of the Conceptual Framework for Financial Reporting from the point of view of all relevant stakeholders. Provide examples. (d) Transfer of control of the asset is central requirement in the recognition of revenue under AASB15. Discuss with examples