Any negative goodwill arising on the date of acquisition:
A) is recognized as a gain on the date of acquisition.
B) is prorated among the parent company's identifiable net assets.
C) should be amortized over a predetermined period.
D)is recognized as a loss on the date of acquisition.

Question

Quizplus · Accepted Answer

The Answer of Any negative goodwill arising on the date of acquisition:
A) is recognized as a gain on the date of acquisition.
B) is prorated among the parent company's identifiable net assets.
C) should be amortized over a predetermined period.
D)is recognized as a loss on the date of acquisition.

Any Negative Goodwill Arising on the Date of Acquisition