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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Definitions:

Reinforcement

In behavioral psychology, it is any stimulus which strengthens or increases the probability of a specific response.

Response

The reaction or reply to a stimulus or situation in the environment, often studied in psychology to understand behavior.

Operants

Behaviors that are modified by their consequences, a concept central to operant conditioning theory in psychology.

Elicited Behaviors

Elicited behaviors are responses produced automatically by a specific stimulus, often instinctual and not learned through experience.