Dobson Co Purchased 80% of Niki Ltd

Multiple Choice

Dobson Co. purchased 80% of Niki Ltd. for $1,200,000. At the date of acquisition, the carrying value of Niki's net identifiable assets was $1,000,000, and the fair value was $1,300,000 net of tax. What is the amount of the goodwill under the partial goodwill method?

A) $200,000.
B) $160,000.
C) $300,000.
D) $0.