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Which statements in relation to contingent consideration

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Reference no: EM132736593

Problem 1: Which of the following statements in relation to contingent consideration is incorrect?

Select one:

Option 1: At acquisition date, contingent consideration is measured at fair value.

Option 2: Changes in the amount of an expected cash flow where the contingent consideration represents a liability that is within the scope of AASB 137/IAS 37 are accounted for through profit and loss

Option 3: Subsequent adjustments to contingent consideration affect the goodwill calculated at the acquisition date

Option 4: Where the contingent consideration is classified as equity, there is no re-measurement required on settlement

Reference no: EM132736593

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