Under IFRS, How Is the Account Revaluation Surplus Reported

question 30

Multiple Choice

Under IFRS, how is the account revaluation surplus reported?

• A) As "other revenues and expenses" on the income statement.
• B) As part of other comprehensive income which can be reported presented in separate statement, combined with income statement, or in changes in stockholders' equity statement.
• C) It is included with Reserves in the stockholders' equity section of the Statement of Financial Position.
• D) The account is not reported in the financial statements.