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    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 5: The Purchase Method: at Date of Acquisition-100 Ownership
  5. Question
    In Purchase Accounting, Contingent Consideration Based on Future Sales Prices
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In Purchase Accounting, Contingent Consideration Based on Future Sales Prices

Question 71

Question 71

True/False

In purchase accounting, contingent consideration based on future sales prices results in an increase to the acquiring company's cost if the contingent consideration is subsequently paid.

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