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Item $8$

Time Remaining $45$ minutes $34$ seconds

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Powell Company buys all of the outstanding common shares of South Bay Company on January $1$ in the year of acquisition for $$1,500,000$ cash and uses the acquisition method. If a contingent cash payment is a portion of the negotiated fair value of this acquisition, how will changes in the revaluation of the contingent performance payment affect the future financial statements?

Time Remaining $45$ minutes $34$ seconds

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Time Remaining $45$ minutes $34$ seconds

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Powell Company buys all of the outstanding common shares of South Bay Company on January $1$ in the year of acquisition for $$1,500,000$ cash and uses the acquisition method. If a contingent cash payment is a portion of the negotiated fair value of this acquisition, how will changes in the revaluation of the contingent performance payment affect the future financial statements?

Time Remaining $45$ minutes $34$ seconds

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Item $8$

Time Remaining $45$ minutes $34$ seconds

$00$:$45$:$34$

Powell Company buys all of the outstanding common shares of South Bay Company on January $1$ in the year of acquisition for $$1,500,000$ cash and uses the acquisition method. If a contingent cash payment is a portion of the negotiated fair value of this acquisition, how will changes in the revaluation of the contingent performance payment affect the future financial statements?