Locate the 2011 financial statements for The Walt Disney Company on the Internet. Use those financial statements

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Locate the 2011 financial statements for The Walt Disney Company on the Internet.
Use those financial statements and consider the following questions.
1. As illustrated in Exhibit 10-10, Inter brand estimates the value of the Disney brand name in 2011 at $29.02 billion. Search Disney's financial statements and notes-what is Disney's estimate of the value of the Disney name?
2. What summary journal entry did Disney make to record interest incurred during fiscal 2011? 3. Find Disney's note about intangible assets. What is Disney's amortization policy for intangible assets? How often does Disney review its intangible assets to determine if their carrying values are recorded accurately?
4. According to the statement of cash flows, in 2011 Disney spent $3,559 million on investments in parks, resorts, and other property. Use the notes to the financial statements to determine how much of this total related to each of Disney's operating segments.
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-1133957911

19th edition

Authors: Earl K. Stice, James D. Stice

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