General Mills, a U.S. company, reports $6,700 million in goodwill, allocated to the following reporting units (in millions):
At the end of 2020, General Mills determines that it is more likely than not that goodwill is impaired for all three reporting units. It collects the following information (in millions):
Required
Calculate the total goodwill impairment loss for 2020, following U.S. GAAP.
Correct Answer:
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