7. Exercise 11-26 Impairment; goodwill [LO11-8] In 2011, Alliant Corporation acq
ID: 2358332 • Letter: 7
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