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.
Correct Answer:
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