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Wk 2 DQ 2.doc
Wk 2 DQ 3.doc
Wk 2 Summary.doc
Wk 2 Team Textbook Assignments Grades 2.xls
Wk 2 Team Textbook Assignments.xls
Wk 2 Textbook Assignments IASB DELIBERATIONS.doc
Wk 3 DQ 1.doc
Wk 3 DQ 2.doc
Wk 3 DQ 3.doc
Wk 3 Summary.doc
Wk 3 Team Textbook Assignments.doc
Wk 3 Textbook Assignments.xls
Wk 3.pdf
Wk 4 DQ 1.doc
Wk 4 DQ 2.doc
Wk 4 DQ 3.doc
Wk 4 Summary.doc
Wk 4 Team Textbook Assignments.doc
Wk 4 Textbook Assignments.doc
Wk 4 Textbook Assignments.xls
Wk 5 DQ 1.doc
Wk 5 DQ 2.doc
Wk 5 Summary.doc
Wk 5 Team Textbook Assignment.doc
Wk 5 Textbook Assignments.xls
Wk 1 DQ 1.doc
Wk 1 DQ 2.doc
Wk 1 DQ 3.doc
Wk 1 Summary.doc
Wk 1 Textbook Assignments.doc
Wk 2 DQ 1.doc

 

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Wk 1 DQ 1 What is the significance of goodwill in the consolidation process? Why is it necessary to determine goodwill impairment? When the amount exceeds the acquired assets and liabilities, the excess is recorded as goodwill. The acquirer of the business must measure the fair value of the acquired company against the net of its identifiable assets. The three components that help measure amount of goodwill recognized include the “fair value of the consideration given by the acquirer, the fair value of any interest in the acquiree already held by the acquirer, and the fair value of the noncontrolling interest in the acquiree, if any” (p.15). The total of these compared to the identifiable assets is goodwill and is accounted for using FASB Statement 142. The goodwill amount is carried forward unless it becomes impaired. It is recorded as a separate line on the balance sheet and any impairment is recorded on the income statement within the income from continuing operations. If it is from a discontinued operation, the loss is reported in the discontinued operations section. A test for goodwill impairment should be done at l...
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Wk 1 DQ 1 What is the significance of goodwill in the consolidation process? Why is it necessary to determine goodwill impairment? When the amount exceeds the acquired assets and liabilities, the excess is recorded as goodwi...

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