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Statement 1: The estimated liability on contingent consideration is based on provisional amount subject to measurement period adjustment. Statement 2: The additional paid in capital
Statement 1: The estimated liability on contingent consideration is based on provisional amount subject to measurement period adjustment.
Statement 2: The additional paid in capital on contingent consideration is based on provisional amount not subject to measurement period adjustment.
Group of answer choices
Only statement 1 is correct.
Both statements are correct
Only statement 2 is correct.
Both statements are incorrect.
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