there is no impairment loss. Therefore‚ under GAAP‚ the building is not impaired as of December 31‚ 2010. 3. Part 1. Under GAAP‚ there is a two-step goodwill impairment test. ASC 350-20-35-4 says the first step is “used to identify potential impairment‚ compares the fair value of a reporting unit with its carrying amount‚ including goodwill. ” Step 1: Fair Value of Eagle’s CGU in Serbia $1‚050‚000 Fair Value of Eagle’s CGU in Serbia’s
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care. On December 19th 2012 President Obama tells the White house aides that Affordable health care act will be the most important thing in his presidency career. Early September the White House officials visited the Center for Medicare and Medicaid Services for a final demonstration of HealthCare.gov and with that by October the 1st 2014 the healthcare.gov started allowing Americans to shop for health care. The benefits too many Americans are the ability to receive health care. Receiving care is
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intangible assets and goodwill have highlighted the numerous approaches to measuring and reporting goodwill. These issues of identifying and measuring goodwill have provided great challenges in communicating the relevant value for an organisation. However‚ they are becoming increasingly more important in an environment where goodwill and other intangible assets are making up larger components of business purchase/combination prices. In determining the correct value of goodwill in the financial statements
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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
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First I would explain to the intern that there is a special guide filled with ethical guidelines and is used specifically for ethical issues. The ACA formed A Practitioner’s Guide to Ethical Decision Making in 1996 (ACA Code of Ethics ‚ 2014). This guide suggests that there are seven steps for making ethically-based decisions‚ the basic elements of each step should be well-known. The seven steps are Identify the problem‚ apply the ACA code of ethics (or the NAADAC’s code of
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thec170 United Kingdom by The Stationery Office. N6065083 3/09 421219 Id 0000000 c00 3/09 421219 Further copies may also be obtained from Acas Publications‚ Swallow Field Way‚ Hayes‚ Further copies obtained from Acas Publications‚ Swallow Field Way‚ Hayes‚ Middlesex‚ UB3 may 1DQ.also Tel: be 0870 242 9090. Middlesex‚ UB3 1DQ. Tel: 0870 242 9090. Foreword The Acas statutory Code of Practice on discipline and grievance is set out at paras 1 to 45 on the following pages. It provides basic practical
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Act (PPACA) or Affordable Care Act (ACA) is a health care reform law that was voted into enactment in March of 2010 (Summary of the Affordable Care Act‚ 2013). The ACA consists of many different parts of which come from the Affordable Health Care for America Act‚ the Patient Protection Act various parts of the Health Care and Education Reconciliation Act and the Student Aid and Fiscal Responsibility Act (Affordable Care Act Summary‚ n.d.). The original goal of the ACA was to cut back on the amount of
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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
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Explain the term ‘confidentiality’. Confidential information is personal details from our lives which we may not want to share with others. It can include our address‚ phone number‚ birth date‚ employment history or other personal information. It may also include information about our past or present health and development. Confidentiality is not about keeping secrets; it is about protecting an individual’s right to privacy. You may obtain private‚ personal information from service users
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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
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