If negative goodwill is still remaining after allocations, the remaining amount is recognized as an extraordinary gain.

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If negative goodwill is still remaining after allocations, the remaining amount is recognized as an extraordinary gain. Does this meet the definition of an extraordinary item?

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Advanced Financial Accounting

ISBN: 9780131236998

5th Edition

Authors: Thomas H. Beechy

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Question Posted: Jan 31, 2024 04:00 AM

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If negative goodwill is still remaining after allocations, the remaining amount is recognized as an extraordinary gain.

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Advanced Financial Accounting

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