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  3. Study Set
    Advanced Accounting
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    Exam 2: Business Combinations
  5. Question
    Having Recognized Any Contingent Liabilities of the Acquiree as Liabilities
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Having Recognized Any Contingent Liabilities of the Acquiree as Liabilities

Question 26

Question 26

True/False

Having recognized any contingent liabilities of the acquiree as liabilities, the acquirer must then determine a subsequent measurement for the liability. The liability is initially recognized at book value.

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