Detecting Accounting Fraud 1st Edition by Cecil Jackson

Exercise 37

An overstatement of goodwill on the acquisition of a company can be accomplished by: (a) An understatement of the value of the assets of the acquired company.
(b) An understatement of the liabilities of the acquired company.
(c) An understatement of reserves required for the restructuring of an acquired company.
(d) A bargain purchase price of the acquired company that is below its net asset value.