[NEWS] Live example of Goodwill Impairment - Caterpillar Inc. @ China

[Paresh Pandit]

Caterpillar Inc., world's leading ACE OEM, wrote-off most of its recent investment in China by way of Goodwill Impairment after discovering a “deliberate, multi-year, coordinated accounting misconduct”. Following are references to this News (@TodayOnline), as well as to the defnition of "Non-Cash Charges" (@Investopedia):

• The News Story - Caterpillar Inc. impairs Goodwill to write-off majority of a Chinese acquisition, after detection of fraud
  
• Non-Cash Charges - Definition @ Investopedia