How Does an Asset Impairment Loss Impact a Company's Financial

Multiple Choice

How does an asset impairment loss impact a company's financial statements?

A) Raises expenses and lowers both revenue and net income.
B) Lowers assets,stockholders' equity,and net income.
C) Raises expenses and lowers net income with no effect on any other items.
D) Raises liabilities and lowers stockholders' equity.