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Required information [The following information applies to the questions displayed below] In Year 1. Compary A acquired Company B for $380 milion of which $60

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Required information [The following information applies to the questions displayed below] In Year 1. Compary A acquired Company B for $380 milion of which $60 millon was allocated to goodwill At the end of Year 3, management has provided the following information for a required goodwil impairment test: 2. Determine the amount of goodwill reported in the year-end Year 3 balance sheet. 3. Determine the amount of the impaiment loss assuming that the fairvalue of Company 8 is $354 million. Note: For all requirements, enter your answer in millions (i.e., 10,000,000 should be entered as 10)

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