Quick question on a discrepancy I found between Becker and Wiley. Becker states that when using the revaluation model for intangibles under IFRS that losses are recorded on the income statement unless they reverse a previously recognized gain in OCI and gains are recognized in OCI unless they reverse a previously recognized loss on the income statement. However, a question in Wiley tells me that losses and gains on revaluations are recorded in OCI. Anybody have any futher information that may help me earn a point or 2 on my exam tomorrow?
BEC 10/11/2010 77
AUD 11/30/2010 81
REG 02/25/2011 78
FAR 11/28/2011 74,68, 83 and DONE!!! NTS LA #460
AUD 11/30/2010 81
REG 02/25/2011 78
FAR 11/28/2011 74,68, 83 and DONE!!! NTS LA #460
