Problem: Analyze the reason(s) for issuing FASB Statement No. 144 and compare and contrast the accounting information on this statement, Statement No. 121, and Accounting Principles Board Opinion (APB) # 30.
DISCUSS below;
(1) Analysis of the reason(s) for issuing FASB Statement No. 144
(2) Differences among FASB Statement No. 144, Statement No. 121, and Accounting Principles Board Opinion (APB) # 30
(3) Impact of the changes to Statement No. 144 on financial reporting