Multiple Choice
According to IFRS 3, how should companies account for negative goodwill arising from business combinations?
A) It should be capitalized and amortized over a period of no more than 40 years.
B) It should be treated as a loss on the consolidated income statement.
C) It should be recognized immediately as a gain in the income statement.
D) There is no rule for negative goodwill, because there is no such thing.
Correct Answer:
Verified
Correct Answer:
Verified
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