Date: April 16, 2011 To: Busy Signals, Unlimited From: Brooke Perryman, Jimmy Wall, Taylor Morris, and Barrett Watson Subject: Deferral of Training Costs Accounting Issue Should Busy Signals, Unlimited (Busy) defer the costs of training to TSRs? Alternative #1 – Busy should not defer the costs of trainings its TSRs since such costs do not meet the definition of an asset. Assets are things that a company owns that have value. This typically means they can either be sold or used…
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