Posted by: Pdfprep
Post Date: April 15, 2021
An entity decides to revalue its freehold property during the current period creating a revaluation surplus.
Where in the current period financial statements would the revaluation surplus appear?
A . Statement of financial position and statement of changes in equity
B . Statement of changes in equity and statement of cash flow
C . Statement of financial position and income statement
D . Statement of changes in equity and income statement
Answer: A
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