Negative goodwill arising on a business combination should be shown as a negative asset in the statement of financial position. True or false?

False

There is no concept of negative goodwil.
If value of net asset is more than purchase consideration it should be credited to capital reserve a/c.

False

False

false.
there is nothing such thing negative goodwill in a business combination.
when business combiness the only question arise weather is a good will or not.
the good will of any company before combination is its asset.