The balance sheet and cash flow statement, however, focus more on the capital management of the firm in terms of both assets and structure. Learn More: How Three Major Financial Statements Are ...

These are expenses or revenues reported on the income statement ... and intangible assets, respectively. Although these expenses reduce net income, they do not impact cash flow since no cash ...

Going forward, it was going to include intangible ... item as an asset at all. Yet, companies often amortize one-time expenses, classifying them as capital expenses on the cash flow statement ...

with the testing set at the lowest level of identifiable cash flows considered independent of other assets. Long-term, tangible asset impairments are addressed in FASB Statement No. 144 ...