Goodwill reporting unit

Determining the Implied Fair Value of Goodwill  September 23, 2010 – 04:00 pm
other hand may try to

The issue related to the year-end goodwill impairment test for a subsidiary that was acquired in a prior year. Specifically the issue was whether the exercise of allocating the fair value of the reporting unit to its assets and liabilities to determine the implied goodwill should include the allocation of value to intangible assets that were not recorded when the subsidiary was acquired.

For several years the reporting unit and the company have been essentially one in the same, and step 1 of the goodwill impairment test (where the fair value of the reporting unit is compared to its carrying amount) had been performed by comparing its common stock market capitalization to its net stockholders’ equity. Step 1 of the goodwill impairment test had never been flunked, but this year the common stock market capitalization of the company was less than its net stockholders’ equity, so it was necessary to proceed to step 2.

Step 2 of the goodwill impairment test compares the recorded amount of goodwill at the test date to the implied fair value of the goodwill at that date. The implied fair value of the goodwill of the reporting unit is determined by assuming that on the test date the reporting unit had been acquired in a business acquisition for its fair value and the purchase cost of fair value was now being allocated to its assets and liabilities in accordance with ASC 805 (SFAS No. 141). See ASC 350-20-35-14 to 17 (SFAS No. 142, paragraphs 20 and 21).

Source: Accounting and Auditing Update

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Funny you should ask....

NEW YORK (AP) -- Martha Stewart, in prison during one of her favorite holidays, says she is "safe, fit and healthy" and grateful this Thanksgiving for the support of her fans.
In a new message on her personal Web site, the homemaking expert also says she is being treated fairly by staff and other inmates at the federal women's prison in Alderson, West Virginia.
"As you would expect, ..., contrary to rumors you might have heard, my daily interactions with the staff and fellow inmates here at Alderson are marked by fair treatment and mutual respect."
Shares of Martha Stewart Living Omnimedia, the media company Stewart founded, have more than doubled since she was sentenced in July and have traded recently near $20 -- its highest level since the stock scandal broke in 2002.

Hate to see people being taken advantage of

I hate to see people being taken advantage of.It is so hard to know if the CL posting is genuine and honest, let alone taking a chance in driving 5 hrs. to get it.Flagging and reporting to CL is the best way WE ALL CAN collectively do to stop this type of thing.
On the other hand, I continue to get my best sewing machines from goodwill and even CL ---However knowledge of the machine's dura... for $450 at an online antique sewing machine site. I even downloaded a free "service manual" for it, so now I have that and the original 404 manual. It sews like a charm! excellent stitches. Anyone thinking of buying a straight stitch machine without fancy "today" features, think about the singer models from the 300, 400 and 500 series. You won't ever have to buy another machine again for life!

Getting Off My Knees

Despite the criticism I unleashed last week regarding the “Back to Work Program” at Goodwill Industries, I have changed my attitude towards this so-called charity and will forevermore write and speak highly of this institution that has rescued me from all my despair.
Just getting up at the crack of dawn and reporting somewhere before the roosters and cackling hens of corporate America perc...at I am part of society again—no longer wasting my time in the heavily wooded sections of Prospect Park—sucking off strangers just to get something warm in my stomach!
Poverty is hell, but there are ways to survive on this $170 in food stamps the state of New York offers to battered queers. One must attend mandated programs, like that at Goodwill Industries if they want food stamps though.

Props to Intellectual Property  — E-Commerce Times
Let's estimate this using the most inclusive definition of intellectual property: patents, copyrights, trademarks, trade secrets, customer lists, business know-how, and other secret sauce. Relationship to Market Capitalization. An oft-cited statistic …

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