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

question 14

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.

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