Which of the following statements is/are true about contingent consideration under the revised PFRS 3? O Contingent consideration can be measured at fair value through other comprehensive income. 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. Contingent consideration in a business acquisition that is not classified as equity is subsequently re-measured with changes recognize in retained earnings.
Which of the following statements is/are true about contingent consideration under the revised PFRS 3? O Contingent consideration can be measured at fair value through other comprehensive income. 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. Contingent consideration in a business acquisition that is not classified as equity is subsequently re-measured with changes recognize in retained earnings.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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