What Type of Account Is a Revaluation Surplus

question 36

Multiple Choice

What type of account is a revaluation surplus?

• A) Income
• B) Equity
• C) Asset
• D) Liability

---

Definitions:

Tetrapods

Vertebrate animals having four limbs or limb-like appendages, including amphibians, reptiles, birds, and mammals.

Lineages

Refers to lines of descent or ancestral sequences, often traced through generations of organisms to study evolutionary relationships.

Earth Formed

Refers to the origin and development of the planet Earth from the solar nebula approximately 4.6 billion years ago.

Billion Years Ago

A time scale used in geology and astronomy to describe events or conditions that happened a billion or more years prior to the present.