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April 28, 2020 at 9:26 pm
November 27, 2018 at 8:19 am
When we doing the other comprehensive income part , Gain on non current assets revaluations are classified under “items that will not be reclassified to profit or loss”
But practically when the non current assets were sold, eventually the revaluation gain will be adjusted in to P&L.
So why The standard asks to classify this under “items that will not be reclassified to profit or loss” section ?
November 27, 2018 at 5:10 pm
The gain on the revaluation is not reclassified through profit or loss. On its ultimate disposal the gain is transferred to retained earnings in the SOCIE.
November 20, 2018 at 2:37 am
detailed, logical and inspiring!
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