Recorded value of assets, In verifying the amount of

Recorded value of assets

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Reference no: EM13137915

In verifying the amount of goodwill recorded by a client, the most convincing evidence which 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

Reference no: EM13137915

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