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business combinations

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

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July 25, 2021 at 1:22 pm #629375
Noah098
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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?
July 26, 2021 at 7:41 am #629433
Stephen Widberg
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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.
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