Spock Ltd Acquired a 10 Per Cent Holding in Kirk

Multiple Choice

Spock Ltd acquired a 10 per cent holding in Kirk Ltd on 1 July 2017 for $350 000 cash,being the fair value of consideration transferred. On 30 June 2018,Spock Ltd acquired a further 75 per cent of the contributed capital of Kirk Ltd for $3 300 000,which represents the fair value of consideration transferred.After the latest acquisition,Spock Ltd gained control of Kirk Ltd.The fair value of the net assets acquired and the liabilities assumed of Kirk Ltd at the acquisition date of 30 June 2018 was $3 500 000 and all assets were recorded at far value in the financial statements of Kirk Ltd.
Goodwill is also attributed to the non-controlling interest.
Based on the above information,which of the following accounting treatments is not in accordance with AASB 10?

A) Goodwill on acquisition of Kirk Ltd to be eliminated on consolidation is $765 000.
B) Gain on acquisition of additional investment in Kirk Ltd to be recognised in 2018 is $90 000.
C) Non-controlling interest in Kirk Ltd on 30 June 2018 is $660 000.
D) None of the given choices are in accordance with AASB 10.