The acquirer in a business combination transfers cash consideration for 100% of the voting interests of the acquiree. Moreover, the fair value of liabilities assumed exceeds the acquisition-date fair value of the identifiable assets acquired. This excess is calculated without regard to the fair value the acquirer attributes to the acquirees assembled work force and certain contracts it is negotiating. Thus, goodwill must

A.Not be recognized.

B.Be recognized in an amount equal to the cash transferred, plus the acquisition-date fair value of the net liabilities assumed.

C.Be recognized in an amount equal to the cash transferred, minus the acquisition-date fair value of the assembled workforce and contracts being negotiated.

D.Be amortized over the period during which the discount on the long-term interest-bearing assets acquired will be amortized.