Asset recognition and valuation. Citigroup, a financial services firm, provides tuition support for employees who pursue an
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Asset recognition and valuation. Citigroup, a financial services firm, provides tuition support for employees who pursue an MBA degree in the evenings. Employees receiving the support must continue working for Citigroup for five years or repay a ratable portion of the benefit. During the current year, Citigroup paid $10 million in tuition support to various employees. Citigroup estimates, based on experience, that the MBA education enhances employees' skills by $15 million. Indicate Citigroup's treatment of the $10 million.
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Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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