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After the date of the business combination, contingent liabilities are re-measured at the higher of the original amount and the amount in accordance with the relevant standard.
sir can you explain the above line from technical articles?
Contingent liability for 100 – possible legal claim
Recognise at FV for goodwill calculation, instead of just disclosing.
At the SFP date continue to recognise at the figure used when calculating goodwill.
Don’t worry about the semantics of the sentence in the article.