Case 10-02: Ida’s Impairment In April 2011‚ the FASB issued an exposure draft on testing goodwill for impairment. Under the proposal‚ entities would have the option of performing a qualitative assessment before calculating the fair value of the reporting unit (i.e.‚ step 1 of the goodwill impairment test). If entities determine‚ on the basis of qualitative factors‚ that the fair value of the reporting unit is more likely than not greater than the carrying amount‚ a quantitative calculation would
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Philosophy 304 Sample Questions 1. What does Judith Jarvis Thomson find to be mistaken in the conservative position regarding abortion? Describe thoroughly the analogies she uses to make her case. 1. Judith Jarvis Thomson: Finds the conservative position to be mistaken regarding abortion. • The conservative position commonly spends most of their time establishing that the fetus is a person‚ but the moral impermissibility of abortion doesn’t follow simply from the admission that the
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Not all deforestation is intentional. Some is caused by a combination of human and natural factors like wildfires and subsequent overgrazing‚ which may prevent the growth of young trees. Deforestation has many negative effects on the environment. The most dramatic impact is a loss of habitat for millions of species. Seventy percent of Earth’s land animals and plants live in forests‚ and many cannot survive the deforestation that destroys their homes. Deforestation also drives climate change. Forest
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Because of the value in use is higher than the fair market value less costs to sell‚ the recoverable amount would be $900‚000. The impairment loss is the difference between the carrying amount of $1‚100‚000‚ and the recoverable amount of $900‚000. Under IFRS‚ the building is impaired by $200‚000 as of December 21‚ 2010. 2. According to ASC 360-10-35-17‚ “ An impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exceeds its fair
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VALUATION AND MANAGEMENT OF GOODWILL IN A BUSINESS. INTRODUCTION Goodwill is an intangible element connected with the going concern which include personality‚ reputation‚ the company name‚ convenient and favourable location of the business‚ quality of merchandise‚ efficient management‚ supply and demand for a choice product‚ affordable prices‚ efficient labour relations with employees‚ true and fair view and finally courteous methods of treating customers. Goodwill is often shown on the accounting
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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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Describe how galaxies are formed. The universe is made of clusters of galaxies‚ and clusters of clusters of galaxies‚ called super clusters. Galaxies are comprised of tens of millions of stars. Between the stars‚ there are interstellar clouds of gas and dust. The smallest galaxies are called dwarfs while the largest are called giants. Our Milky Way Galaxy is one of three large galaxies in the Local Group of Galaxies. The other large galaxies are the Andromeda Galaxy‚ and Messier 33‚ also in the
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Ida’s Impairment Ida Inc. (Ida) is a manufacturing company with operations in the United States and Spain. As a U.S. subsidiary of a U.K. entity‚ Ida prepares its financial statements in accordance with (1) U.S. GAAP for reporting to its U.S.-based lender and (2) IFRSs in reporting to its parent. U.S. Operations In addition to other assets‚ Ida owns and operates a commercial building in the United States that is carried at its cost less any accumulated depreciation and any accumulated impairment losses
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filled-in circles on the balloon. The circles represent galaxies. 2.Pick four of the circles around the balloon and label these A‚ B‚ C‚ and D. 3.Hypothesize what will happen to the distances between the labeled circles when you blow up the balloon ¼ full‚ ½ full‚ and ¾ full. Record your hypotheses in the Hypothesis section of your lab report. 4.Measure the starting distances‚ in inches or centimeters‚ between each of the labeled galaxies. Record the measurements in a data chart and include
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Galaxy S6 vs. Galaxy Note 4 - Diseño Diferencia clara en este sentido‚ sobre todo por el hecho de que el Note 4 tiene seis meses de vida‚ y el S6 acaba de ser anunciado. El Galaxy Note 4 sólo tiene bordes metálicos en el dispositivo‚ mientras que la cubierta trasera es de plástico y se puede quitar‚ así como la batería. El S6 se encuentra en una carcasa de metal‚ algo nuevo en el teléfono. La mejora en la línea visual y el diseño general es obvia. Es un hermoso dispositivo‚ bien construido y‚ a
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