In Verifying the Amount of Goodwill Recorded by an Entity

Multiple Choice

In verifying the amount of goodwill recorded by an entity, the most convincing evidence that an auditor can obtain is by comparing the recorded value of assets acquired with the

A) Assessed value as evidenced by tax bills.
B) Seller's book value as evidenced by financial statements.
C) Insured value as evidenced by insurance policies.
D) Appraised value as evidenced by independent appraisals.