ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which of the following is recorded under other

    comprehensive income (OCI) typically?
    A Depreciation expense Correct Answer Incorrect Answer
    B Revaluation surplus of property, plant & equipment (when revaluation model used) Correct Answer Incorrect Answer
    C Interest expense on borrowings Correct Answer Incorrect Answer
    D Inventory write-down included in operating profit Correct Answer Incorrect Answer

    Solution

    Increases in the carrying amount of PPE on revaluation are generally recognized in OCI and accumulated in a revaluation surplus within equity.

    Practice Next
    More Accounts Questions
    ask-question