Homework: FASB

FASB ASC 9-2 Several FASB statements dealt with the topic of asset impairments. List the FASB statements that dealt with asset impairments and summarize them. Several EITF documents provide additional …

Homework: Case

Instruction: Case10-2 Poole Company purchases 5,000 shares of preferred stock issued by Ernst Company, a private manufacturer of specialized equipment, for $200,000. Poole Company has concluded that its investment meets …