CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

The revaluation model is ______.

I. an alternative to the cost model
II. not permitted under IFRS
III. not permitted under U.S. GAAP
A. I and II
B. I and III
C. III only
Explanation: IFRS permits the use of either the revaluation model or the cost model.

User Contributed Comments 1

User Comment
jameshj Even if sum of discounted expected cash flows is lower than both of these?
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