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In Relation to an Asset Revaluation Surplus, an Entity

Question 21

Multiple Choice

In relation to an asset revaluation surplus, an entity


A) is not able to use this surplus for the payment of future dividends;
B) is able to use this surplus for the payment of future dividends;
C) is not able to transfer this surplus to any other reserve account;
D) can transfer the surplus to current period profit or loss when the asset is disposed of.

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