a. 1. Are inventories classified as a current asset? Comment. 2. Does it appear that inventories are

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a. 1. Are inventories classified as a current asset? Comment.

2. Does it appear that inventories are a highly liquid asset?

b. 1. Goodwill impairment'what does this imply?

2. Comment on the review of inventory for impairments. Why is this done under the guidelines of SFAS No. 144, Accounting for the impairment or disposal of long-lived assets?

c. 1. Why restricted cash? Can this cash be used in operations?

2. Comment on the impairments and the use of cash.

3. Do you think that cash dividends will be eliminated?Comment.

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Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

Question Posted: Jun 22, 2012 09:03 AM

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a. 1. Are inventories classified as a current asset? Comment. 2. Does it appear that inventories are

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a 1 No Because of the nature of the business there is no current asset classification 2 No Inventory ...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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