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 $450 million, of which $70 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 2 \& 3 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 $416 million. Note: For all requirements, enter your answer in millions (i.e., 10,000,000 should be entered as 10 )
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