【每日一练】CFA 一级（2015年）

Question：

A company that prepares its financial statements in accordance with International Financial Reporting Standards (IFRS) uses the revaluation model to value land. At the end of the current year, the value of land, newly acquired this year, has increased and will be adjusted on the balance sheet. This land is the only asset in its asset class for revaluation purposes. Which of the following statements is most accurate? In the current period, the revaluation of the land will: 
A. increase return on assets. 
B. decrease the debt-to-equity ratio. 
C. increase return on sales. 
 

Answer = B 
The increase in the value of the land bypasses the income statement and goes directly to a revaluation surplus account in equity, assuming no previous decreases in value in the asset class forrevaluation purposes. Equity increases, thereby decreasing the debt-to-equity ratio.
 

CFA Level I
“Long-Lived Assets,” Elaine Henry and Elizabeth A. Gordon
Section 4

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