An excess of the fair value of net assets acquired in a purchase business combination over the price paid (negative goodwill) is:

Answers:	a. Applied to reduce noncurrent assets other than marketable securities to zero before a deferred credit may be reported
	b. Applied to a reduction of noncash assets before a deferred credit may be reported
	c. Recognized in the current year income statement as a bargain purchase (ordinary) gain
	d. Reported as a deferred credit and amortized over a maximum period of forty years
	e. Recognized in the current year income statement as an extraordinary gain.