Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

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On April 1, 2009, The Dow Chemical Company completed its acquisition of Rohm and Haas Company. Dow Chemical paid $15,681 million cash consideration to Rohm and Haas stockholders in exchange for their ownership shares. Rohm and Haas continued as a wholly owned subsidiary of Dow Chemical.
Refer to Dow Chemical's 2009 second-quarter report, as well as related GAAP, to answer the following questions:
Under what circumstances should a firm recognize an asset acquired or a liability assumed in a business combination that arises from a contingency