Question 1 Points: 4(a=1,b=1,c=1,d=1) Benchmarking Corporate Disclosures-Intangible Assets J.C. Penney and Macy's are both public companies in the retail industry. Review the most recent 10K for each company and compare their reporting of intangible assets other than goodwill. In particular, consider: a. Do the companies have similar items included in this category (Intangible Assets)? That is, what is the nature of each company's recorded intangible assets? b. Have the companies adopted similar policies with respect to categorizing these assets as finite-versus indefinitelived? c. Do the companies describe their impairment testing policy in detail? d. Within which sections of the companies' annual reports is the above-listed information included? Are the companies consistent in where they report this information? Note: You may not get the post-2019 10-K reports for JC Penney since they filed for Ch. 11 in 2020 and were then taken private by SPG and Brookfield. You will need to compare the 201910 -K reports. Question 1 Points: 4(a=1,b=1,c=1,d=1) Benchmarking Corporate Disclosures-Intangible Assets J.C. Penney and Macy's are both public companies in the retail industry. Review the most recent 10K for each company and compare their reporting of intangible assets other than goodwill. In particular, consider: a. Do the companies have similar items included in this category (Intangible Assets)? That is, what is the nature of each company's recorded intangible assets? b. Have the companies adopted similar policies with respect to categorizing these assets as finite-versus indefinitelived? c. Do the companies describe their impairment testing policy in detail? d. Within which sections of the companies' annual reports is the above-listed information included? Are the companies consistent in where they report this information? Note: You may not get the post-2019 10-K reports for JC Penney since they filed for Ch. 11 in 2020 and were then taken private by SPG and Brookfield. You will need to compare the 201910 -K reports