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  1. business
  2. accounting
  3. if an asset increases in value, the increase is no

If an asset increases in value, the increase is noted as________. Select one: a. an...

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Accounting

If an asset increases in value, the increase is noted as________.

Select one:

a. an increase in "other profit" in statement of comprehensive income

b. an increase in retained earnings in statement of financial position

c. an increase in revaluation surplus in the statement of financial position and other comprehensive income in the statement of comprehensive income

d. an increase in net profit in the statement of comprehensive income

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