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Which asset revaluation can improve

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Reference no: EM133012102

Problem 1: Under IFRS, an asset revaluation:

a. always affects earnings.

b. affects earnings if the revaluation initially increases the asset's carrying value.

c. affects earnings if the revaluation initially decreases the asset's carrying value.

d. affects earnings if the revaluation initially reduce reported leverage.

Problem 2: Asset revaluation can improve:

I. leverage such as asset/debt ratio.

II. profitability such as ROE.

III. cash flows such as CFO.

a. I and II

b. I, II and III

c. II only

d. I and III

Reference no: EM133012102

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