What does the concept of goodwill represent? Why do we record it?
Do you think intangible asset balances can be manipulated to benefit a company? How? Why would someone want to manipulate these balances, if they can?
What does market capitalization tell you about a business? How does it compare to the book value of a business?
When can research and development be capitalized? When can't it be capitalized? Why do you think there is a difference?