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  3. which of the following statements is/are correct?

Which of the following statements is/are correct? 1. If non-current assets are revalued upwards some...

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Accounting

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Which of the following statements is/are correct? 1. If non-current assets are revalued upwards some key metrics such as asset turnover deteriorate 2. The upward revaluation of non-current assets makes the statement of financial position most relevant to users but less reliable Only statement 1 is correct statement 2 is current Both statements are correct Neither statement is correct

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