Jiminez Limited Acquired 80% of the Share Capital and Reserves

Multiple Choice

Jiminez Limited acquired 80% of the share capital and reserves of Mustang Limited for $180 000.Share capital was $100 000 and reserves amounted to $50 000.All assets and liabilities were recorded at fair value except buildings which was recorded at $10 000 below fair value.The fair value of the NCI at the date of Jiminez's acquisition was $35 000 and the full goodwill method is adopted by the group.If the company tax rate was 30%,the goodwill recorded in relation to this business combination amounts to:

A) $3 600
B) $23 000
C) $54 400
D) $58 000.