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

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Required informetion [The following information dpplies to the questions displayed below.] In Year 1, Company A acquired Company B for $380 milion, of which $60 milloo was allocated to goodwill, At the end of Year 3, management has provided the following information for a required goodwill impairment test: 2. Determine the amount of goodwill reported in the year-end Year 3 balance sheet. 3. Determine the amount of the impairment loss assuming that the fall value of Company B is $354 miltion. Note: For olf requirements, enter your answer in millions (l.e., 10,000,000 should be entered os 10)

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