A Contingent Liability Recognised in a Business Combination Will Be

question 30

Multiple Choice

A contingent liability recognised in a business combination will be recorded:

• A) in the subsidiary's accounts.
• B) in the group accounts.
• C) either A or B.
• D) none of the above.

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Definitions:

Social Exclusion

The process of being shut out from the social, economic, educational, or healthcare systems of society.

Telepathy

The suggested communication of information from one person to another without the use of conventional human sensory methods or direct physical contact.

Clairvoyance

A supposed psychic ability that allows a person to gain information about an object, person, location, or physical event through means other than the known human senses.

Psychokinesis

The supposed ability to move or deform inanimate objects, without any physical interactions, merely through mental focus or power.