The chief financial officer of Sunflower asked you to calculate the taxable income and prepare the journal for current tax liability, 18. What contingent liability is recognised by the acquirer as a liability assumed in a combination even though it was unrecognised by the acquiree as a liability? a. both a. and b. are correct. b. a liability of uncertain timing or amount. c. a present obligation (a real liability) that failed the recognition criteria for was classified as a contingent liability. d. a possible obligation (or potential liability) classified as a contingent liak The chief financial officer of Sunflower asked you to calculate the taxable income and prepare the journal for current tax liability, 18. What contingent liability is recognised by the acquirer as a liability assumed in a combination even though it was unrecognised by the acquiree as a liability? a. both a. and b. are correct. b. a liability of uncertain timing or amount. c. a present obligation (a real liability) that failed the recognition criteria for was classified as a contingent liability. d. a possible obligation (or potential liability) classified as a contingent liak