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How did CVS health reflect the goodwill impairment

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Reference no: EM132644993

Question - 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 '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 in your won words the goodwill impairment testing steps performed by CVS Health in 2018 and the consequent loss measurement.

Reference no: EM132644993

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