Which of the Following Statements Is Correct

question 16

Multiple Choice

Which of the following statements is correct?

• 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.

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Definitions:

Behavior Modification

A psychological treatment method that alters undesirable behaviors through rewards, punishments, or other strategies.

Tokens

Symbolic, often physical, items used in a token economy system to reward desirable behavior and which can be exchanged for other rewards.

Biofeedback

The use of sensitive equipment to give people precise feedback about internal physiological processes so that they can learn, with practice, to exercise control over them.

Spinal Cord Injuries

Damage to the spinal cord that causes changes in its function, potentially resulting in loss of mobility or sensation.