Required information Exercise 11-31 (Algo) Impairment; goodwill [LO11-8] [The following information applies to the questions...
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Required information Exercise 11-31 (Algo) Impairment; goodwill [LO11-8] [The following information applies to the questions displayed below.] In 2022, Alliant Corporation acquired Centerpoint Incorporated for $403 million, of which $63 million was allocated to goodwill. At the end of 2024, management has provided the following information for a required goodwill impairment test: Exercise 11-31 (Algo) Part 1 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)
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