Answer: 2 steps 
Explanation: While calculating impairment of goodwill following steps should be taken :-
1.In the first step the fair value of the goodwill is compared with its carrying value.
2. In the second step, if the fair value comes to be lower than the carrying value, then it is concluded that there is an impairment and then it is computed accordingly.
 
        
             
        
        
        
Answer:
c. Purchase cost of existing machine
Explanation:
Relevant  costs are the incremental costs that can be avoided by avoiding the functional activity with which the costs are associated.
Maintenance costs are relevant as they are directly linked to the use of machinery and as such are incremental with the use. The same is the case with the maintenance costs of the existing machine as they are avoidable if the new machine is purchased.
Expected cost savings would be incremental with the improved new machine. These cost savings thus are relevant.
Resale value of existing machine are also relevant as these would contribute towards the purchase of new machine.
The purchase price of existing machine is irrelevant as the machine cost has already been paid and regardless of purchasing the new machine or not, this cost is not a part of any calculations.
Hope that helps. 
 
        
             
        
        
        
Answer:
b. codes of ethics for senior financial officers.
Explanation:
according to the Sarbanes-Oxley act:
- The company should be having an expert who is responsible for the auditing andd the company should name the expert and if they are not having the expert they should give a reason.
- A comapny should have a code andd ethics and it should also be applied to the seniors.
 
        
             
        
        
        
The amount that was to be receivable in the year 2015 decreased and the balance of  allowance for doubtful accounts also decreased.
<u>Explanation:</u>
According to the information that was given, the amount that was receivable in 2014 was 13,832 million where as in the year 2015 it was 13,363 millions. The ending balance of allowance for doubtful accounts in 2014 was 232 million and in 2015 it was 189 millions.
All this information shows that the accounts and the amounts in the accounts decreased from the year 2014 to year 2015.
 
        
             
        
        
        
Answer:
None of the above
Explanation:
Net sales is the difference between the total sales and the sum of the sales returns, sales discounts and allowances. 
Selling and distribution cost or freight-out is a part of the company's operating expense and will not be used to determine a company's net sales.
Hence,
Net sales = $12,730,000 - $366,000 - $175,000
= $12,189,000
This is not part of the options given.