At the end of its 2021 fiscal year, a triggering event caused Vale SA to perform an impairment test for one of its manufacturing facilities. The following information is available: Book value $ 65 million Estimated undiscounted future cash flows 60 million Fair value 50 million The manufacturing facility is:

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year