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consideration

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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August 19, 2020 at 7:52 am #581144
toushiga
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Hello Sir, If a company buying an intangible asset,and the amt of consideration include a contingent consideration,how should it be accounted for? disclosed in the note?under which IFRS?
August 19, 2020 at 6:16 pm #581224
Stephen Widberg
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IAS 38 /37
Intangible assets are recognised at cost. If the consideration is probable then it would be accrued. If the consideration is possible then it would be disclosed.
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