Question: After reading the page in Module 7 Module 7 March 14 to March 27), briefly summarize the differences among GAAP and IFRS on intangible assets
After reading the page in Module 7 Module 7 March 14 to March 27), briefly summarize the differences among GAAP and IFRS on intangible assets including goodwill. I would also like you to find two companies' financial statements where one follows GAAP and the other one U.S. GAAP (you can use the same ones you used for Module 4). Can you find any goodwill recorded? Any impairment loss? you will have to look in the notes. Do you see any intangible assets capitalized (specifically development costs capitalized under the l FIRS? Even if they do not have any
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