(Solution) - The notes to the financial statements for Maytag Corporation provided -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The notes to the financial statements for Maytag Corporation provided the following table of special charges.

The special charges include both severance-related and asset impairments. The columns of the table indicate the balances and change in balances of the balance sheet accounts affected by the restructuring events.
a. Journalize the entry for special charges for 2004.
b. What is meant by ?noncash utilization??
c. Provide the balance sheet disclosure for the restructuring obligation on January 1,2005.