Describe the goodwill impairment testing steps performed

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Question - Fundamentals of Advanced Accounting - CVS HEALTH IMPAIRMENT ANALYSIS CASE

In 2018, CVS Health corporation reported a $6.1 billion charge for the impairment of goodwill its reporting unit (segment)in its 10-K annual report. Referring to CVS Health 's 2018 financial statement and any other information from the media , address the following :

1-CVS Health's segments serve as its reporting units for assessing goodwill for potential impairments. Which segment suffered a 2018 impairment? Describe the revenue model for this segment.

2. What were the underlying business reasons that required CVS health to record a goodwill impairment in 2018?

3-How did CVS health reflect the 2018 goodwill impairment in its income statement and cash flow statement?

4-Describe the goodwill impairment testing steps performed by CVS Health in 2018 and the consequent loss measurement.

Reference no: EM132913244

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