Question

In 2010,Chesley Inc. acquired Corrigan Ltd. in a hostiletakeover. However, the expected synergies never materialized. In2013, Chesley decided to write-off $45 million of Goodwill on thefinancial statements to recognize that the Goodwill had becomeimpaired. Which of the following items would be decreased by theimpairment of Goodwill? (check all that apply)

a – Goodwill

b- Net Income

c – Accumulated Other Comprehensive Income

d – Cash from Operating Activities

e – Cash from Investing Activities