Codification Exercises If your school has a subscription to the FASB Codification, go to http://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide Codification references for your responses. CE6-1 Access the glossary ("Master Glossary") to answer the following. (a) What is the definition of present value? (b) Briefly describe the term "discount rate adjustment technique." CE6-2 In addition to the list of topics identified in footnote 1 on page 268, identify the specific Codification guidance related to the use of present value in goodwill impairment. CE6-3 What is interest cost? Briefly describe imputation of interest.

Codification Exercises If your school has a subscription to the FASB Codification, go to http://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide Codification references for your responses. CE6-1 Access the glossary ("Master Glossary") to answer the following. (a) What is the definition of present value? (b) Briefly describe the term "discount rate adjustment technique." CE6-2 In addition to the list of topics identified in footnote 1 on page 268, identify the specific Codification guidance related to the use of present value in goodwill impairment. CE6-3 What is interest cost? Briefly describe imputation of interest.

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter1: Overview Of Financial Reporting, Financial Statement Analysis, And Valuation

Section: Chapter Questions

Problem 5QE

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