The New IASB Standard Issued with Respect to the Treatment

Multiple Choice

The new IASB standard issued with respect to the treatment of negative goodwill requires that:

A) it must be recognized in income immediately as an extraordinary item.
B) it must be recognized in income immediately.
C) it can be deferred and amortized over a maximum of 40 years.
D) it must be reflected as an increase in Liabilities and a Reduction in Capital for the Parent Company.