Changes in fair value of contingent consideration in a business combination will affect the calculation of goodwill/gain on bargain purchase

Name: Changes in fair value of contingent consideration in a business combination will affect the calculation of goodwill/gain on bargain purchase
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Changes in the fair value of contingent consideration after the acquisition date are recognized in profit or loss and do not affect the initial calculation of goodwill or gain on a bargain purchase.

Changes in Fair Value of Contingent Consideration in a Business