Which of the following statements is true about conting consideration under the revised PFRS 3? O Contingent consideration in a business acquisition that is not classified as equity is subsequently re-measured with changes recognize directly in retained earnings. Contingent consideration can be measured at fair value through other comprehensive income. O Contingent consideration obligations are recognized only when the contingency was probable and could be measured reliably. O Contingent considerations in form of equity are not subject to re- measurement.

Which of the following statements is true about conting consideration under the revised PFRS 3? O Contingent consideration in a business acquisition that is not classified as equity is subsequently re-measured with changes recognize directly in retained earnings. Contingent consideration can be measured at fair value through other comprehensive income. O Contingent consideration obligations are recognized only when the contingency was probable and could be measured reliably. O Contingent considerations in form of equity are not subject to re- measurement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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