TITLE

GOODWILL WRITE-OFFS STARTING TO SPREAD

PUB. DATE
June 2002
SOURCE
Financial Executive;Jun2002, Vol. 18 Issue 4, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article looks at companies willing to accept write-offs on impaired goodwill as mandated by Financial Accounting Statement 142. A $54 billion write-off taken by AOL Time Warner Inc. in March 2002 is noted as a reflection of devaluation of the merger between AOL and Time Warner. Qwest Communications International Inc. has announced that it expected to take a charge of $20 billion to $30 billion to reflect a slide in the value of acquired assets following its acquisition of U.S. West in 2000.
ACCESSION #
11927630

 

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