Multiple Choice
How is negative goodwill accounted for under U.S.GAAP?
A) There is no rule for negative goodwill, because there is no such thing.
B) It is capitalized and amortized over a period of no more than 40 years.
C) It is treated as an extraordinary loss on the consolidated income statement.
D) It is treated as an extraordinary gain on the consolidated income statement.
Correct Answer:
Verified
Correct Answer:
Verified
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