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What the adjustment to goodwill and estimated liability

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Question - P Co. acquired net assets of R Co. on September 5, 2014, by paying cash, issuing share capital and cash contingency 100,000 which has 50% probability. On december 1 2014 because of improved information on december 1 2014 because of improved information about facts and circumstances that existed on the acquisition date, the contingent consideration revised to an expected value of 80000. What the adjustment to goodwill and estimated liability for contingent consideration?

Reference no: EM132958933

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