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Any Negative Goodwill Arising on the Date of Acquisition

Question 7

Multiple Choice

Any negative goodwill arising on the date of acquisition:


A) is prorated among the parent company's identifiable net assets.
B) is recognized as a gain on the date of acquisition.
C) should be amortized over a predetermined period.
D) is recognized as a gain on date of acquisition by both the parent and the non-controlling interest.

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