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What amount of goodwill is applied in the purchase

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Question - On January 1st 2012 Wilson Company acquired all of the stock of a subsidiary. The following data is available:

                                                            Wilson Company         Subsidiary

Total Assets                                           $650                             $400

Total Liabilities                                       $200                             $190

Total Stockholders equity                        $450                             $210

The acquisition by Wilson company represents 100% interest in the subsidiary. On January 1st 2012 The fair value of the subsidiary's assets and liabilities are equal to their book value. Wilson Company paid $450 for 100% of the percent interest in the subsidiary. What amount of goodwill is applied in the purchase?

A. $0

B. $200

C. $240

D $10

Reference no: EM131717329

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