IASB Standards

From CFAi text, ------------------- Under IASB standards, negative goodwill A. must be recorded as a gain B. is prorated to noncurrent assets. C. is accounted for as an extraordinary item. D. is amortized to income over a 10-year period.

I’m guessing C

cavil, no extraordinary item is allowed under IFRS

i think it’s included in equity, not sure though with IFRS,

Pretty sure negative goodwill is recorded as a gain, A)

i think A too Taking over a firm at less than its book value. Gain in my book

It’s recorded as a gain. See CFA vol3 pg 689