Which of the Following Statements Is Incorrect

question 92

Multiple Choice

Which of the following statements is incorrect?

• A) Under the revaluation model, the carrying amount of property, plant and equipment is adjusted to reflect its fair value.
• B) With the revaluation model, revaluation gains are recorded in Other Comprehensive Income.
• C) Companies can choose to use the cost model or the revaluation model for property, plant and equipment.
• D) Reversals of revaluation gains or write-ups are prohibited.

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Definitions:

Weber

Relates to the Weber test, a quick screening test for hearing that involves placing a vibrating tuning fork on the center of the forehead.

Rinne Tests

A clinical test used to evaluate loss of hearing by comparing air conduction to bone conduction of sound.

Romberg Test

A neurological test assessing balance and the ability to stand up with the feet together and eyes closed.

Snellen Test

An eye examination test that measures visual acuity using a chart of letters or symbols of steadily decreasing size.