An asset is impaired when the asset's carrying value is: select one: a. greater than the sum of discounted expected cash flows b. less than the sum of discounted expected cash flows c. less than the sum of undiscounted expected cash flows d. greater than the sum of undiscounted expected cash flows e. none of the above

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?