Access over 20 million homework & study documents

Memo

Content type
User Generated
Subject
Accounting
School
Colorado State University Global Campus
Type
Homework
Rating
Showing Page:
1/14
MEMO 1
MEMO
Institution Affiliation
Professor
Date

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/14
MEMO 2
JACKSON ENTERPRISE
TO:
FROM:
DATE:
SUBJECT:
INTRODUCTION
Jackson Enterprise is comprised of two subsidiary companies that make up the
semiconductor operating segment of its business. Jackson enterprise has structured its operating
system to approve and meet the financial accounting standards board (FASB). Therefore their
operating system is classified as the operating segment. The operating results are viewed
routinely because the two subsidiary companies also incur expenses, earn revenue, and most
importantly, their financial information is readily available when needed.
The two subsidiaries are Dynamic Technologies, of which Jackson Enterprise acquired
majority ownership of 80% in 2011, and ZD Systems, 100% acquired by Jackson Enterprise in
2006. According to McNellis, Premuroso, and Houmes (2015), Jackson's enterprise, during the
acquisition of the two subsidiary companies, received $150 million for dynamic technologies and
$50 million for ZD systems as goodwill from the purchase. The goodwill of the two companies
from the acquisition of the two companies has not proven to be impaired; therefore, the company
has not made any huge adjustment to the goodwill from the takeover. Nevertheless, during 2014,
there were so many circumstances and events that prompted the company to conduct a
qualitative test to review the goodwill valuation of the two.

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/14

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 14 pages?
Access Now
Unformatted Attachment Preview
MEMO 1 MEMO Institution Affiliation Professor Date MEMO 2 JACKSON ENTERPRISE TO: FROM: DATE: SUBJECT: INTRODUCTION Jackson Enterprise is comprised of two subsidiary companies that make up the semiconductor operating segment of its business. Jackson enterprise has structured its operating system to approve and meet the financial accounting standards board (FASB). Therefore their operating system is classified as the operating segment. The operating results are viewed routinely because the two subsidiary companies also incur expenses, earn revenue, and most importantly, their financial information is readily available when needed. The two subsidiaries are Dynamic Technologies, of which Jackson Enterprise acquired majority ownership of 80% in 2011, and ZD Systems, 100% acquired by Jackson Enterprise in 2006. According to McNellis, Premuroso, and Houmes (2015), Jackson's enterprise, during the acquisition of the two subsidiary companies, received $150 million for dynamic technologies and $50 million for ZD systems as goodwill from the purchase. The goodwill of the two companies from the acquisition of the two companies has not proven to be impaired; therefore, the company has not made any huge adjustment to the goodwill from the takeover. Nevertheless, during 2014, there were so many circumstances and events that prompted the company to conduct a qualitative test to review the goodwill valuation of the two. MEMO 3 Subtopics from the FASB Accounting Standards Codificati ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
I use Studypool every time I need help studying, and it never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4