How Is Negative Goodwill Reported on Financial Statements

Multiple Choice

How is negative goodwill reported on financial statements?

A) On the consolidated SFP as "an excess of fair value over cost of assets acquired" under shareholders' equity
B) On the consolidated SFP as "negative goodwill" between the liabilities and shareholders' equity
C) On the consolidated SCI as "negative goodwill"
D) On the consolidated SCI as a "gain on bargain purchase"