6. Alibaba Co acquired 100% of the equity shares capital of Momo Co. consisted of 80,000 shares of $0.50 each. It paid for the acquisition by issuing 120,000 new shares of $1 each in Alibaba Co and exchanging three new shares in Alibaba Co for every 2 shares in Momo Co. The market value of Alibaba Co shares at the time of the acquisition was $2.50 p shae. The fair value of the net assets in Momo Co was $90,000. What was the goowill arising on the acquisition of the shares in Momo Co by Alibaba Co? a. $210,000 b. $140,000 c. $130,000 d. $110,000 7. Holder Inc acquired 150,000 $1 ordinary shares in Sub Inc on 1 July 20X6 at a cost of $600,000. Sub Inc's retained earnings at 1 July 20X6 were $60,000 and its issued ordinary share capital was $350,000. The fair value of the non-controlling interest at acquisition was $10,000 At 30 June 20X9 Sub Inc's retained earnings were $70,000. What is the goowill arising on consolidation? a. $ 300,000 b. $200,000 c. $240,000 d. $140,000