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NEED IN 30 MIN ASAP PLEASE!! Please show work. Thank you! Saved 19 In 2019, Alllant Corporation acquired Centerpoint Inc. for $390 million, of which
NEED IN 30 MIN ASAP PLEASE!! Please show work. Thank you!
Saved 19 In 2019, Alllant Corporation acquired Centerpoint Inc. for $390 million, of which $60 million was allocated to goodwill. At the end of 2021, management has provided the following Information for a required goodwill impairment test: Fair value of Centerpoint Inc. $306 million Book value of Centerpoint's net assets (excluding goodw. 11) 270 million Book value of Centerpoint'e net assets (including goodwill) 330 million 1 points eBook Print References Alllant prepares its financial statements according to IFRS, and Centerpoint is considered a cash-generating unit. Assume that Centerpoint's fair value of $306 million approximates fair value less costs to sell and that the present value of Centerpoint's estimated future cash flows is $311 million Required: Determine the amount of goodwill impairment loss Alllant should recognize. (Negative amount should be indicated by a minus sign. Enter your answer in millions (I.e., 10,000,000 should be entered as 10)). Impairment loss (24), millionStep by Step Solution
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