Where the contingent consideration is a financial liability, it will be accounted for under IFRS #9 and measured at ____________ value with movements being accounted for in accordance with that standard.
A)book
B)fair
C)carrying
D)future

Question

Quizplus · Accepted Answer

Contingent consideration financial liabilities are required to be measured at fair value under IFRS #9. This fair value measurement includes all future cash inflows and outflows and adjustments to the present value. Movements in the fair value of these liabilities are recognized in accordance with the requirements of IFRS #9.

Where the Contingent Consideration Is a Financial Liability, It Will