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One Year After Acquisition Date,the Goodwill Acquired Was Regarded as Having

Question 11

Multiple Choice

One year after acquisition date,the goodwill acquired was regarded as having become impaired by $20 000.The appropriate consolidation adjustment in relation to the impairment will include the following line:


A) DR Goodwill $20 000
B) DR Share capital $20 000
C) CR Business combination valuation reserve $20 000
D) CR Accumulated impairment losses $20 000.

Correct Answer:

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