Which of the Following Statements in Relation to Contingent Consideration

question 27

Multiple Choice

Which of the following statements in relation to contingent consideration is incorrect?

• A)At acquisition date,contingent consideration is measured at fair value.
• B)Where the contingent consideration is classified as equity,there is no remeasurement required on settlement.
• C)Subsequent adjustments to contingent consideration affect the goodwill calculated at acquisition date.
• D)Changes in the amount of an expected cashflow where the contingent consideration represents a liability that is within the scope of AASB 137 are accounted for through profit and loss.

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Individuals from the Caribbean region of African descent who have migrated to other countries.

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Describing individuals or societies that have achieved a high level of education and economic success.

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A racial or ethnic group in the United States with ancestry primarily from sub-Saharan Africa.