Australian Hotels Limited is a global hospitality conglomerate that recognizes a Goodwill worth $ 1 billion on its balance sheet. The company's CFO proposes the management that recurring border restrictions due to resurging Covid-19 cases and shift in consumer preference to explore unconventional accommodation service providers( such as hospitality partners of Airbnb) warrant the impairment of the value of goodwill of the company to $500 million. How will be the impairment loss of $500 million in the value of the company's Goodwill treated? a. The impairment loss will appear as a change in the Equity section on the balance sheet b. There will be no accounting treatment for the decline in the value of Goodwill c. The impairment loss will appear as a liability on the balance sheet of the company d. The impairment loss will appear as an expense on the income statement