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FASBY

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Issue:

Miscellaneous

 

Written by:

Jessica C

 

Date added:

February 16, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 390

 

Was viewed:

7707 times

 

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Essay content:

Conversely, subsequent and distinct impairment charges became visible and open to scrutiny. The adoption of FASB 142 was probably well received by corporate America for obvious reasons. Companies weighed down with substantial goodwill would be able to realize an initial boon to their bottom line because of the elimination of the mandatory amortization expense...
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Companies weighed down with substantial goodwill would be able to realize an initial boon to their bottom line because of the elimination of the mandatory amortization expense. Instead, a company could choose to keep goodwill listed as an asset on their balance sheet indefinitely, as long as it was periodically tested for impairment...
displayed 300 characters

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