Which one of the following is not true concerning the treatment of investment properties under LKAS 40? Select one: a. If an investment property is held at fair value, this must be applied to all of the entity's investment property. b. A gain or loss arising from a change in the fair value of an investment property should be recognized in other comprehensive income c. Following initial recognition, investment property can be held at either cost or fair value d. An investment property is initially measured at cost, including transaction costs.
Which one of the following is not true concerning the treatment of investment properties under LKAS 40? Select one: a. If an investment property is held at fair value, this must be applied to all of the entity's investment property. b. A gain or loss arising from a change in the fair value of an investment property should be recognized in other comprehensive income c. Following initial recognition, investment property can be held at either cost or fair value d. An investment property is initially measured at cost, including transaction costs.
Chapter19: Corporations: Distributions Not In Complete Liquidation
Section: Chapter Questions
Problem 9DQ
Related questions
Question
Which one of the following is not true concerning the treatment of investment properties under LKAS 40?
Select one:
a. If an investment property is held at fair value, this must be applied to all of the entity's investment property.
b. A gain or loss arising from a change in the fair value of an investment property should be recognized in other comprehensive income
c. Following initial recognition, investment property can be held at either cost or fair value
d. An investment property is initially measured at cost, including transaction costs.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you