11. An acquired firm's financial records sometimes show goodwill from previous business combinations. How does a parent company account for the preexisting goodwill of its newly acquired subsidiary? a. Preexisting good will is excluded from the identifiable assets acquired unless the subsidiary can demonstrate its continuing value. b. The parent tests the preexisting goodwill for impairment before recording it as an asset. c. The parent ignores preexisting subsidiary goodwill and allocates the subsidiary's fair value among the separately identifiable assets acquired and liabilities assumed. d. The parent includes the preexisting goodwill as an identified intangible asset acquired