Innovation is also very important to Goodwill Industries. “Innovation is the introduction of new goods and services” (Bateman and Snell‚ 2011‚ p. 9). While Goodwill Industries is distributing goods that are used‚ the services that are being offered are innovated. Goodwill has been improving the lives of many people by selling used goods at discounted rates and offering “job skills training and placement” (Social Media in Action: Goodwill Industries‚ 2011). Now Goodwill is networking to improve through
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Goodwill Industries Financial Condition and Operations Goodwill Industries are organizations for nonprofit making that provide or render employment‚ community based programs‚ placement services‚ and job training to individuals that cannot access proper education‚ disabled individuals and the unemployed. A huge network of institutions of retail thrift‚ that works as organizations of nonprofit organizations‚ sponsor goodwill industries. A large portion of goodwill industries finance is donated items
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Research report Topic: Comparing the disclosure for intangible assets of CLS and Acrux Details: Analyze the disclosure of intangible assets about two selected company CSL and Acrux. Executive Summary The Australian Securities & Investments Commission ’s (ASIC) Financial Reporting Surveillance Program was purpose to improve the quality of financial reporting by reviewing the annual financial reports of two listed companies whether or not compliance with the Corporations Act and Australian
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relocation and reorganisation costs are all recognised as expenses. Purchased Intangibles • If value of an intangible can not be valued reliably‚ while purchasing a company‚ include the value as a part of goodwill A special note on goodwill • Inherent goodwill Vs Purchased goodwill • How is it different? – Balancing figure – Cant be sold as a separate asset Research and Development • Research – Initial investigation done to acquire new scientific knowledge or understanding • Development
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AOL ASSIGNMENT There were two accounting policies used by AOL that were considered aggressive‚ as well as controversial. The first was to amortize its software development costs and the second was to capitalize subscriber acquisition costs. The lifetime‚ for amortization purposes‚ which AOL assigned to software development costs was five years. This was considered by many to be an exceptionally long time considering the pace at which technology was progressing during that period of time.
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attributable acquisition related costs accounted for? Why? (1 Mark) 6. In accounting for a business combination assets and liabilities acquired and assets and equity given up are measured at fair value on acquisition date. Does this mean that goodwill is also measured at fair value on that date? (1 Mark) 7. On 1 April 2013‚ Lemon Ltd acquired all of the issued shares of Orange Ltd. At this date‚ the share capital of Orange Ltd consisted of 70 000 ordinary shares issued at $2.60 each. Under
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Q1 1. an intangible asset should be amortised and written off on a systematic basis over the asset’s economic life 2. internally generated goodwill may be carried in the statement of financial position if the value can be determined with reasonable certainty 3. internally generated brands can never be recognised as intangible assets Which of the following is consistent with IAS 38 Intangible assets? A 1 and 2 only B 1 and 3 only C 2 only D 3 only Q2 During 20x7‚ Research
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| Less: Accumulated depletion | 108‚000 | 392‚000 | | Buildings | 1‚100‚000 | | | Less: Accumulated depreciation | 650‚000 | 450‚000 | | Total property‚ plant‚ and equipment | | | 842‚000 | Intangible assets | | | | Goodwill | | | 410‚000 | Do It 9-4 Intangible | Rights‚ privileges‚ and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance. | Amortization | The allocation of the cost of an intangible
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combination reflected the following balances: A careful review of the fair value of Silver’s assets and liabilities indicated that inventory‚ land‚ and buildings and equipment (net) had fair values of $65‚000‚ $100‚000‚ and‚ $300‚000 respectively. Goodwill is assigned proportionately to Bristle and the noncontrolling shareholders. 1. Based on the preceding information‚ what amount of inventory will be included in the consolidated balance sheet immediately following the acquisition? A. $0 B
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IAS 38 INTANGIBLE ASSETS | | |HISTORY OF IAS 38 | |February 1977 |Exposure Draft E9‚ Accounting for Research and Development Activities | |July 1978 |IAS 9 (1978)‚ Accounting for Research and Development Activities | |1 January 1980 |Effective Date of IAS 9 (1978)
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