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You are examining the financial statements of a company. You observe patent amortization of $1,5...

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Accounting

You are examining the financial statements of a company. You observe patent amortization of $1,5 million and a loss on impairment of goodwill for $25 million.

(a) Describe hoe the accountants arrived at these amounts

(b) Interpret any information content provided by these disclosures

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