Intermediate Notes & Disclosures

Test your Intermediate-level Notes Disclosures skills in Financial Statements. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

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40 questions remaining

Question 1 of 40Assessment

In a business combination accounted for as an acquisition, how should contingent consideration be disclosed in the notes?

A. It should be described, but not measured, until the contingency is resolved.

B. It should be excluded from the notes until payment is certain.

C. Disclose the measurement basis and a range of potential undiscounted outcomes.

D. Disclose only the amount paid if the maximum target is achieved.

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