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4. On April 30, 2019, Shark Corporation purchased for P 30 per share all 200,000 of Fins Corporation's outstanding ordinary share. On this date, Fin's balance sheet showed net assets of P 5,000,000. Additionally, the fair value of Fin's identifiable assets on the same date was P600,000 in excess of their carrying amount. What amount should Shark report as goodwill in its April 30, 2019 consolidated balance sheet? Financial Accounting Theory and Practice 1 School of Business, First Semester, SY 2020-2021 Adaptive Community for the Continuity of Education and Student Services National Teachers College a. PO b. P400,000 c. P600,000 d. P 1,000,000