Should management have performed an interim goodwill impairment test as of September 30‚ 2012? Galaxy Sports Inc. (Galaxy) is a U.S. based manufacturer of sports equipment. It is an SEC registrant with one operating segment with three separate reporting units: fitness‚ golf and hockey. The fitness is the largest division of Galaxy with allocated goodwill of $200 million. The golf division reports $130 million of goodwill and the hockey has $30 million of goodwill. Each division has been a reporting unit
Premium Generally Accepted Accounting Principles Stock market Stock
to show the world what was going on in the United States‚ minorities needed to stand up and speak up. This is what happened when the U.S. decided to send out goodwill ambassadors to improve their image. Instead of improving their image‚ these goodwill ambassadors spoke out and hurt the U.S. image more. W.E.B. Dubois was one of these goodwill ambassadors that was so fed up that he spoke out against the U.S. He talked about how in order to fix their image abroad; they would first have fix their problems
Premium United States
Hunting‚ one of the oldest activities known to man‚ is being debated by two extremely strong-willed sides. The subject of deer hunting is one topic on which many people have strong emotional opinions either for or against. Some redneck people feel that “my pa hunted and taught me that if I can kill it‚ I can eat it”. While the tree huggers feel that “it is awful because you’re killing Bambi”. Although both are entitled to their own opinion‚ neither of these reasons comes across as noteworthy enough
Premium Hunting Deer
Impairment of goodwill and CGUs By Graham Holt Studying this technical article and answering the related questions can count towards your verifiable CPD if you are following the unit route to CPD and the content is relevant to your learning and development needs. One hour of learning equates to one unit of CPD. We’d suggest that you use this as a guide when allocating yourself CPD units. The basic principle of impairment is that an asset may not be carried on the statement of financial position
Premium Goodwill Subsidiary Asset
Goodwill is an intangible asset‚ probably the most intangible of all intangible assets‚ hard to measure and even more difficult to account for. Goodwill today constitutes a much larger part of acquisition prices than it did previously‚ resulting in a much greater impact on financial statements. During the twentieth century the concept of goodwill has changed significantly. In the earlier days goodwill was thought of as the good and valuable relationships of a proprietor of a business with his customers
Premium Balance sheet Goodwill Asset
Kyla Todaro Mrs. Beeler LA 1-2H 26 September 2012 Hunting: Harmful or Helpful? Hunting is a very popular sport‚ but many people have separate opinions. Some believe it’s helpful. Other people are completely against it. This sport shows many beneficial traits. Hunting connects man to nature and provides much needed items‚ balances populations and helps build character. It maybe argued that hunting should be illegal because of the ambushing of defenseless animals. Most people‚ as this article
Premium Hunting Recreation A Great Way to Care
leisure is deer hunting. It is not only something I have done my whole life‚ but it is also something that has been a bonding experience in my family‚ and that has grown into a passion over time. Growing up in the Piney Woods of East Texas finding a place to hunt was never a problem. I remember getting up on cold fall mornings with my grandpa going out to the woods‚ and just sitting‚ listening‚ and waiting for the forest to come to life. My dad and grandpa first started taking me hunting when I was
Premium Hunting Deer Recreation
Technology & Process Solution Johns Hopkins University - Carey Business School IT Capstone Graduate Project Graduate Applied Project in Technology Executive Summary The JHU Capstone Team was approached by the Member Services Center (MSC) of Goodwill Industries to help them select an online survey application to eliminate their current paper-based event evaluation system. The paper-based system was not only time consuming and inefficient‚ but it was also not fulfilling their ‘Going Green’ environmentally-friendly
Premium Management Project management Computer program
BACKGROUND AND PURPOSE Goodwill Industries‚ Inc. has been helping people with disabilities and disadvantages in Minnesota since 1919. In 1984 Goodwill joined forces with Easter Seal to expand the school and reach of its mission. Goodwill provides‚ retail and technical sales training‚ employment services‚ and community programs. One half of Goodwill’s total revenues are derived from the resale of donated goods. Goodwill is interested in increasing the amount of revenue generated by their stores
Premium Non-profit organization Disability Voluntary association
Goodwill can be termed as the present value of expected future income in excess of a normal return on the investment in tangible assets‚ or‚ for the excess of price paid for a business as a whole over the book value‚ or‚ over the computed or agreed value of all tangible net assets purchased. Characteristics of goodwill: The characteristics of goodwill emerge as mentioned below: 1. It is an intangible asset but not a fictitious asset; 2. It cannot have an existence separate from the organization;
Premium Goodwill Asset Balance sheet