Subsequent to Acquisition Date Contingent Liabilities Are Measured At

question 13

Multiple Choice

Subsequent to acquisition date contingent liabilities are measured at:

• A) the amount that would be recorded in accordance with IAS 37
• B) the amount initially recorded less cumulative amortisation recognised in accordance with IAS 18
• C) the lower of A and B
• D) the higher of A and B

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Definitions:

Deposit Rules

Regulations governing the placement of money into banking or investment accounts.

Reconcile

The process of making one view or belief compatible with another, or of restoring friendly relations.

Mature

Having reached a stage of full development or growth, often characterized by a higher level of wisdom, experience, or sophistication.

Sacrifices

The act of giving up something valuable or important for the sake of other considerations or to fulfill a requirement.