Fiber-optic cables experience much less resistance to the signals they carry; therefore, signals travel much farther before they need to be boosted or regenerated

Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and should be reduced or written off on its balance sheet. The impairment test(s) to be used is (are) Recoverability Test Fair Value Test

a. Yes Yes b. Yes No c. No Yes d. No No

According to Much and Gotto (1997), what are the two most important factors in determining a sports franchise's value?

A. The degree of league revenue sharing and the stability of a league's labor situation. B. The team's lease agreement and local broadcasting revenues. C. The team's stadium revenues and local broadcasting revenues. D. The league's having a salary cap and the team's local revenue streams.