Which Is the True Statement

question 25

Multiple Choice

Which is the true statement?

• A) A revaluation decrease should occur if a non-current asset's carrying amount is less than its fair value.
• B) An initial revaluation decrease should be treated as a debit to the revaluation surplus reserve.
• C) An initial revaluation decrease should be treated as a debit against the current period's profit or loss.
• D) An initial revaluation decrease should be disclosed in the profit report as a reduction in other comprehensive income.

---

Definitions:

Preventable

Preventable describes conditions, diseases, or situations that can be avoided through proactive measures, such as vaccination, lifestyle changes, or environmental modifications.

Vaccination

The process of administering a vaccine to stimulate an individual's immune system to develop adaptive immunity to a pathogen, protecting the individual from specific diseases.

Leading Causes

The primary factors or conditions that are most responsible for a specific outcome, often used in the context of the leading causes of diseases or deaths.

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.