微信扫一扫
实时资讯全掌握
|
A firm acquires investment property for €3 million and chooses the fair value model for financial reporting. In Year 1 the market value of the investment property decreases by €150,000. In Year 2 the market value of the investment property increases by €200,000. On its financial statements for Year 2, the firm will recognize a: A. €150,000 gain on its income statement and a €50,000 revaluation surplus in shareholders’ equity. B. €200,000 gain on its income statement. C. €150,000 increase in shareholders’ equity. |