When acquiring another business, if the fair value of the net assets acquired exceeds the purchase price, the amount is: O a a contra-asset Ob contributed surplus Oc goodwill O da gain in net income. Which of the following statements best describes when goodwill should be tested for impairment under IFRS? o a Goodwill should be tested for impairment when events or changes in circumstance indicate that impairment may have occurred. O b. Goodwill should be tested annually for impairment regardless of the circumstances OC Goodwill should be tested for impairment annually and whenever events or changes in circumstanc indicate that impairment may have occurred. Od Goodwill should only be tested for impairment when the company follows a policy to amortize its goodwill