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Benchmarking Corporate Disclosures-Intangible Assets Sears and Macy's are both public companies in the retail industry. Review the most recent 10-K for each company and compare their reporting of intangible assets other than goodwill. In particular, consider:
Problem 1: Do the companies have similar items included in this category (Intangible Asstes)? That is, what is the nature of each company's recorded intangible assets?
Problem 2: Have the companies adopted similar policies with respect to categorizing these assets as finite-versus indefinite-lived?
Problem 3: Do the companies describe their impairment testing policy in detail?
Problem 4: Within which sections of the companies annual reports is the above- listed information included ?Are the companies consistent in where they report this information?
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