Posted: November 6th, 2015
CASE STUDY
write about intangible assets, you can mention ABC Learning as an example. They had around 1.6 billion of internally recognized intangible assets on their balance sheet together with another 200 million of goodwill from overpriced acquisitions. That gave them great asset to liability ratio and analysts recommended purchase of shares even on day when they signed for bankruptcy. Liquidator lowered their assets by 1 .8 billion as first thing because internally recognized intangibles were unsealable. The owner protested (of course) so they choose KPMG to decide which balance sheet is right. And KPMG said that BOTH of them are right, because that was before
internally recognized intangibles were banned. investors got some 8 cents per dollar for their shares.
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