Which of the Following Statements Best Describes the Current Treatment

Multiple Choice

Which of the following statements best describes the current treatment of negative Goodwill in Canada and the U.S?

A) A reduction of assets with any unallocated portion appearing on the Income Statement as an extraordinary item.
B) A reduction of assets with any unallocated portion to be amortized over a maximum of forty years.
C) An increase in liabilities with any unallocated portion appearing on the Income Statement as an extraordinary item.
D) An increase in liabilities with any unallocated portion to be amortized over a maximum of forty years.