For all acquired contingencies,the acquirer should do all of the following except:

Question

Quizplus · Accepted Answer

The acquirer should provide documentation from the acquirer's attorney regarding pending lawsuits and loan guarantees. Therefore, A is incorrect. On the other hand, B, C, and D are correct. The acquirer should provide a description of each contingency, disclose the amount recognized at the acquisition date, and describe the estimated range of possible undiscounted outcomes of the contingency.

For All Acquired Contingencies,the Acquirer Should Do All of the Following