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On acquisition date, a contingent liability relating to an unsettled legal claim with a fair value of $ 8 0 0 0 0 was recorded
On acquisition date, a contingent liability relating to an unsettled legal claim with a
fair value of $ was recorded in the notes to the subsidiary's financial
statements. The parent company must then recognise the liability in its
consolidated financial statements at fair value. The company tax rate is In the
year following the acquisition, the subsidiary loses the court case and pays
damages of an amount less than $ say $ then the consolidation
worksheet entry is:
Answer:
$
No answer given
$
No answer given
$
No answer given
$
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