Consider the following example of a business practice used by Wizard Company to manage the appearance of it earnings in its income statement: Wizard Company bought out one of its smaller competitors last year and recognized $5 million in goodwill from the acquisition. Wizard's earnings this year were not good and its forecast for next year is not much better. Because the acquisition did not add much value, Wizard took a $4 million write-off to goodwill and reported poor earnings for the year, and blamed the performance on an unsuccessful acquisition. Based on the information given to you, which of the earnings management (or manipulation) practices applies to Wizard Company in this example? Taking write-offs against increased reserves in good times O Timing acquisitions to spread their expenses over a range of time O Taking a "big-bath" write-off to excuse and manage bad earnings performance