In 2022, Alliant Corporation acquired Centerpoint Incorporated for $339 million, of which $59 million was allocated to goodwill. At the end of 2024, management has provided the following information for a required goodwill impairment test
In 2022, Alliant Corporation acquired Centerpoint Incorporated for $339 million, of which $59 million was allocated to goodwill. At the end of 2024, management has provided the following information for a required goodwill impairment test
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A6
In 2022, Alliant Corporation acquired Centerpoint Incorporated for $339 million, of which $59 million was allocated to
Fair value of Centerpoint Incorporated $ 247 milli
Book value of Centerpoint’s net assets (excluding goodwill) 221 milli
Book value of Centerpoint’s net assets (including goodwill) 280 milli
Exercise 11-31 (Algo) Part 1 Require
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).d:ononon
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