If an Impairment Loss Is Recorded on Previously Recognized Goodwill

question 25

Multiple Choice

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.

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