C cnd New member Joined Jul 4, 2007 Messages 0 Reaction score 0 Aug 1, 2007 #1 Is land subject to upward revaluations in both US GAAP and International Accounting Standards?
D delhirocks New member Joined May 13, 2007 Messages 0 Reaction score 0 Aug 1, 2007 #2 Upward revaluation of land is permitted only in IAS and not in US GAAP. Downward revision in value is permitted in both
Upward revaluation of land is permitted only in IAS and not in US GAAP. Downward revision in value is permitted in both
M maratikus New member Joined Jul 19, 2007 Messages 0 Reaction score 0 Aug 1, 2007 #3 By the way LOS 42c is not on the exam. See CFA errata.
C cnd New member Joined Jul 4, 2007 Messages 0 Reaction score 0 Aug 1, 2007 Thread starter #4 thank you very much for reminding me! i had not focused on the errata!