2) The net assets of Acquired Company have abook value of P150,000 and a fair value ofP180,000. Acquiring Company paid P250,000cash for all net assets of Acquired Company.Acquiring Company also paid P50,000 to aninvestment house as ?nder's fee. At whatamount should goodwill be recorded onAcquiring Company's book? A. P120,000B. P70,000C. P120,000 D. P70,000