Arnez Ltd Acquired 70% of Bedard Ltd

Multiple Choice

Arnez Ltd. acquired 70% of Bedard Ltd. At the acquisition date, Bedard's net identifiable assets had a carrying value of $825,000 and a fair value of $1,000,000. Arnez paid $910,000 for the acquisition. Under the parent-company extension method, what amount should be reported for goodwill on Arnez's consolidated statement of financial position?

A) $210,000
B) $300,000
C) $332,500
D) $475,000