please choose Myer company to solve the question.
The article in (1): https:// article in (2) : https:// I covers weeks I and 2 , Assets and Liabilities topicsFor the company you have selected from page I of this document , the following must be completed( 1 ) Consider the news article relevant only to your selected company below . The followingshould be included in your analysis ( 400 total maximum words , 10 marks )( a ) Is it likely that the situation described will result in impairment ?( 6 ) Discuss the likelihood that impairment will occur( C ) Assume that the impairment does occur discuss the impact on the company ‘s valuationwith supporting calculations including any journal entries that may be used to record theImpairmenBillabonghttps / / www . thestar . com / business / 2013 108/ 27 billabong surfing a sea of red ink . htmlMyer : https : 1 / www . news . com . all finance / business / retail when landlords – attackwestfields – 33 billion – incentive – to – crush – myer – in- deadly – pincer – move / newstory / 746982068 45 e f3 06 6 6 3 9 7 7 60 2 fat( 2 ) From the news article relevant to your selected company listed below provide your analysis( 400 total maximum words , 10 marks )( a ) Whether the item described is a liability through the essential characteristics andrecognition criteria within the Conceptual Framework( b ) Should a liability , PI ovision or contingent liability be recorded at the time of writingriting ,( C ) If a liability was recorded what would be the impact on the company ‘s valuation at thetime of the article with supporting calculations , including any journal entries that may beused to record the liability , provision or contingent liabilityBillabong ending contract with Omni Channel : https : / / asbmag . com billabongannounces – omni – channel – partnersMyer shareholder class action : https : / / www . afr . com business retail myer – in – claction – mediation – as – premier – investments – ramps -up – pressure – 20180314 – 10 * *6 1