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GAAP vs. IFRS: Merchandising
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GAAP vs. IFRS: Merchandising
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15. GAAP vs IFRS / GAAP vs. IFRS: Merchandising / Problem 7
Problem 7
Evaluate the impact of revaluation gains on a company's equity under IFRS.
A
Revaluation gains are reported as liabilities, reducing equity.
B
Revaluation gains increase total equity through comprehensive income.
C
Revaluation gains decrease total equity through net income.
D
Revaluation gains have no impact on equity.
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