Plummet Corporation Reported the Book Value of Its Net Assets

Multiple Choice

Plummet Corporation reported the book value of its net assets at $400,000 when Zenith Corporation acquired 100 percent ownership.The fair value of Plummet's net assets was determined to be $510,000 on that date.
-Based on the preceding information,what amount of goodwill will be reported in consolidated financial statements presented immediately following the combination if Zenith paid $550,000 for the acquisition?

A) $0
B) $50,000
C) $150,000
D) $40,000