When a gain on a bargain purchase (negative goodwill) arises, IFRS 3 Business Combinations requires an entity to
first of all review the measurement of the assets, liabilities and consideration transferred in respect of the combination.

When the negative goodwill is confirmed, how is it then recognised?

A     It is credited directly to retained earnings
B     It is credited to profit or loss
C     It is debited to profit or loss
D     It is deducted from positive goodwill