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Required information [The following information applies to the questions displayed below.] In 2022. Alliant Corporation acquired Centerpoint Incorporated for $478 million, of which $78 million
Required information [The following information applies to the questions displayed below.] In 2022. Alliant Corporation acquired Centerpoint Incorporated for $478 million, of which $78 million was allocated to goodwill. At the end of 2024, management has provided the following information for a required goodwill impairment test: Required: 1. Determine the amount of the impairment loss reported in the 2024 income statement Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10 ). Required information [The following information applies to the questions displayed below.] In 2022. Alliant Corporation acquired Centerpoint Incorporated for $478 million, of which $78 million was allocated to goodwill. At the end of 2024 , management has provided the following information for a required goodwill impairment test 2. Determine the amount of goodwill reported in the year-end 2024 balance sheet 3. Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $440 million. Note: For all requirements, enter your answer in millions (i.e., 10,000,000 should be entered as 10)
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