Access the Yahoo! (ticker: YHOO) 10-K report for the year ended December 31, 2011, filed on February
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1. What amount of goodwill is reported on Yahoo!'s balance sheet? What percentage of total assets does its goodwill represent? Is goodwill a major asset for Yahoo!? Explain.
2. Locate Note 5 to its financial statements. Identify the change in goodwill from December 31, 2010, to December 31, 2011. Comment on the change in goodwill over this period.
3. Locate Note 6 to its financial statements. What are the three categories of intangible assets that Yahoo! reports at December 31, 2011? What proportion of total assets do the intangibles represent?
4. What does Yahoo! indicate is the life of "Trade names, trademarks, and domain names" according to its Note 6? Comment on the difference between the estimated useful life and the legal life of Yahoo!'s trademark.
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of... 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...
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1 Good will is an intangible asset It may be either acquired or internally generated Good will repor...View the full answer
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