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 should be capitalized and amortized over a period of no more than 40 years.
C) It should be treated as an extraordinary loss on the consolidated income statement.
D) It should be treated as an extraordinary gain on the consolidated income statement.
Correct Answer:
Verified
Correct Answer:
Verified
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