7. Exercise 11-26 Impairment; goodwill [LO11-8] In 2011, Alliant Corporation acq

Question

7.

Exercise 11-26 Impairment; goodwill [LO11-8]

In 2011, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the end of 2013, management has provided the following information for a required goodwill impairment test:

In 2011, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the end of 2013, management has provided the following information for a required goodwill impairment test:

Explanation / Answer

Book value of Centerpoint

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