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 ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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