If a contingent liability of a subsidiary is recognised in a business combination,on consolidation the group will record:
A) a deferred tax liability.
B) a deferred tax asset.
C) a reduction in goodwill.
D) none of the above.

Question

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The Answer of If a contingent liability of a subsidiary is recognised in a business combination,on consolidation the group will record:
A) a deferred tax liability.
B) a deferred tax asset.
C) a reduction in goodwill.
D) none of the above.

If a Contingent Liability of a Subsidiary Is Recognised in a Business