Any profits on revaluation are unrealized so they go to the revaluation reserve in the sofp, other comprehensive income and Statement of changes in equity right? Where does it go when the profit is realized
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Surplus on revaluation
5y ago#1It is transferred from the revaluation reserve to retained earnings.
Thank you answering my questions. I scored 85.
5y ago#3You are welcome, and many congratulations on passing with such a high mark :-)
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