If an impairment loss is recorded on previously recognized goodwill due to the transitional goodwill impairment test, the loss should be treated as a(n):
A) loss from a change in accounting principles.
B) extraordinary loss
C) loss from continuing operations.
D) loss from discontinuing operations.

Question

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The Answer of If an impairment loss is recorded on previously recognized goodwill due to the transitional goodwill impairment test, the loss should be treated as a(n):
A) loss from a change in accounting principles.
B) extraordinary loss
C) loss from continuing operations.
D) loss from discontinuing operations.

If an Impairment Loss Is Recorded on Previously Recognized Goodwill