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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