Examlex
Which of the following sections of the statement of cash flows are presented differently between the direct method and indirect method?
Contingent Liability
(a) A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity; or (b) a present obligation that arises from past events but is not recognised because: (i) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or (ii) the amount of the obligation cannot be measured with sufficient reliability.
Business Combination Valuation
The process of estimating the value of different companies coming together through acquisitions or mergers.
Pre-acquisition Entries
Pre-acquisition entries are journal entries made to account for the assets, liabilities, and any non-controlling interest of a company acquired in a business combination at the acquisition date.
Consolidated Cash Account
A single cash account that combines the cash balances of a parent company and its subsidiaries to reflect total available cash.
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