SOS Ltd Acquired All the Assets and Liabilities of Police

True/False

SOS Ltd acquired all the assets and liabilities of Police Ltd for a total cost of acquisition (control date fair value of the consideration paid) of $1 000 000.The fair value of these assets at acquisition date was $900 000 and the fair value of the liabilities was $100 000.Police Ltd controls Roxanne Ltd.
SOS Ltd will record goodwill of $200 000 in its consolidated financial statements.