pass question

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February 11, 2017 at 10:27 pm #372020
natty2
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hi mike

pass paper june 2012 Q2 points (ii)

Fresco makes an annual transfer to retained profits to reflect the realisation of the
revaluation reserve.

if fresco did n’t make transfer to retained profits

would the revaluation reserve be 5000 or still 500
February 12, 2017 at 7:55 am #372049
MikeLittle
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If Fresco were not to make that annual transfer, the Revaluation Reserve would remain at $4,000 (FOUR)

Where have you got $5,000 from?
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