This question is regarding contingent consideration included in a purchase price (and is not related to the previous questions). On the last day of 20X2, ABC (acquirer) acquired XYZ. In addition to receiving cash of 200, XYZs shareholders also received a binding commitment (additional potential consideration) from ABC in which ABC agreed to pay an amount that is contingent on XYZs performance during the three years following the acquisition. At the time of the acquisition, ABC estimated the expected present value of the contingent payment to be 22. At the end of 20X3, ABC re-estimated the expected present value and arrived at a new estimate of 15. Which of the following is correct? You can choose more than one. a. On the date of the acquisition, the total consideration that ABC transferred to the shareholders of XYZ is 200. Hence, on the date of the acquisition, ABC should recognize a reduction in cash of 200. b. On the date of the acquisition, the total consideration that ABC transferred to the shareholders of XYZ is 222. Hence, on the date of the acquisition, ABC should recognize a reduction in cash of 222. c. On the date of the acquisition, the total consideration that ABC transferred to the shareholders of XYZ is 222. Hence, on the date of the acquisition, ABC should recognize a reduction in cash of 200 and a liability of 22. d. There is no accounting entry for 20X3. e. At the end of year 20X3, ABC should decrease the liability by seven and recognize a loss for the same amount f.At the end of year 20X3, ABC should decrease the liability by seven and recognize a gain for the same amount.