Question 21 (3 points) Which of the following is TRUE regarding goodwill? The impairment test for goodwill includes a recoverability test. Goodwill is the amount of price paid to acquire another business. The impairment test for goodwill is the same as the one applied to other indefinite life intangibles. Negative goodwill resulting from a bargain purchase is recorded as a gain. In a non-monetary asset exchange transaction, a loss on exchange is recognized partially when the exchange lacks commercial substance and no cash received. O is recognized immediately only when the exchange has commercial substance. O is recognized immediately for all types of exchange. is deferred when the exchange lacks commercial substance and no cash received