1. Which of the following is not considered in the determination of Total Assets after business combination? Group of an

[answerhappygod]

1. Which of the following is not considered in the determination
of Total Assets after business combination?
Group of answer choices
Expenses that are actually paid in relation to business
combination
Fair value of the acquiree’s total assets.
Contingent consideration
Book value of the acquirer’s total assets.
2. Statement 1: The estimated liability on contingent
consideration is based on provisional amount subject to measurement
period adjustment.
Statement 2: The additional paid in capital on contingent
consideration is based on provisional amount not subject to
measurement period adjustment.
Group of answer choices
Both statements are correct
Only statement 1 is correct.
Both statements are incorrect.
Only statement 2 is correct.
3. Statement 1: Measurement period is relevant if Fair Value of
Net Assets of acquiree includes the recognition of contingent
asset, contingent liability and assets/liabilities with provisional
amounts.
Statement 2: Measurement period is relevant for the
remeasurement of all contingent considerations.
Group of answer choices
Only statement 1 is correct.
Both statements are correct.
Only statement 2 is correct.
Both statements are incorrect.