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Did the firms recognize any acquired contingencies for its acquisition? If it did, how were they measured? If not, why not? Under what circumstances should

  1. Did the firms recognize any acquired contingencies for its acquisition? If it did, how were they measured? If not, why not? Under what circumstances should a firm recognize an asset acquired or a liability assumed in a business combination that arises from a contingency? How should the firms account for its acquired contingencies in periods after the acquisition date? What is the disclosure requirement for any acquired contingencies?

(kraft heinz

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