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contingent

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

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September 6, 2020 at 5:50 am #583629
toushiga
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Hello Sir, why only the contingent liabilities will be recognised in part of the business combination/acquisition but not contingent asset being recognised? What is the reason behind it?
September 6, 2020 at 2:36 pm #583683
Stephen Widberg
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The standard has an inconsistency. No other reason.
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