X Company, a public entity, has goodwill that consists of five components resulting from three acquisitions. In the first acquisition, the assets and liabilities of the subsidiary were integrated into X Companys books and the goodwill was considered an asset of the entity. The second acquisition involves an additional payment to the seller if certain results are achieved. As a result, separate books are maintained for the subsidiary and goodwill is considered an asset on them. The third acquisition was of a multi-departmental company. For this acquisition X has hired three separate managers, each running a different department, and each with an incentive program based on that departments performance. As a result, three separate sets of books and records are being maintained for this acquisition, one for each department, with goodwill allocated to each of the sets of books. X Company is contemplating performing an impairment evaluation, as it does when it is preparing its financial statements each year. How many separate impairment evaluations is X Company required to perform?

A 3

B 1

C 5

D 0