As a result, Shark will report a $150 goodwill impairment loss as a separate line item on the income statement, and report goodwill totaling $50 on the balance sheet. To illustrate, consider an insurance company that has three principal lines of business and presents them in financial statements: life insurance, homeowners insurance and ...
The objective of FRS 10 is to ensure that goodwill and intangible assets capitalised in an entity's balance sheet are charged to the profit and loss account over their useful economic lives.
A tutorial video by PerfectStockAlert.com teaching investors about the balance sheet account known as Goodwill. Visit our free website at...
The “short-term” nature depends on actual maturity of one year from the balance sheet date rather than on the original maturity of a specific investment. When a company reports its assets without segregation between current and non-current, all investments are classified as Long-Term Investments - Other. 68,799.67 44,575.06