When pupils have the English-language PDF of this concise Case in a coursepack, they will also have the option to purchase an audio version. In the year 2006, Talbots, Inc., a specialty women's retailer, bought a competition, J. Jill. The trade created a substantial goodwill account together with accounts for trademarks along with other intangible assets.
Using established accounting standards (Statement of Financial Accounting Standards No. 142), Talbots decided that the goodwill was not damaged in its Fiscal Year 2007 and it was carried forward at its purchase cost. However, one year soon after Talbots found the goodwill impaired, along with the trademarks and some store assets obtained from J. Jill in 2006, and these impairments were deducted from revenues in Fiscal Year 2008. Case contains financial statements.
The Talbots, Inc., and Subsidiaries Accounting for Goodwill Case Study Solution
PUBLICATION DATE: October 10, 2008 PRODUCT #: 3254-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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