Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 42

Access the Yahoo! (ticker: YHOO) 10-K report for the year ended December 31, 2013, filed on February 28, 2014, at www.SEC.gov.
Required
1. What amount of goodwill is reported on Yahoo!'s balance sheet What percentage of total assets does its goodwill represent Is goodwill a major asset for Yahoo! Explain.
2. Locate Note 5 to its financial statements. Identify the change in goodwill from December 31, 2012, to December 31, 2013. Comment on the change in goodwill over this period.
3. Locate Note 6 to its financial statements. What are the three categories of intangible assets that Yahoo! reports at December 31, 2013 What proportion of total assets do the intangibles represent
4. What does Yahoo! indicate is the life of "Trade names, trademarks, and domain names" according to its Note 6 Comment on the difference between the estimated useful life and the legal life of Yahoo!'s trademark.