(c) You are the finance director of ABC Company. ABC is preparing its financial statements for the year ended 31st December 2015. The following item has been brought to your attention: ABC acquired the entire share capital of XYZ Ltd during the year. The acquisition was achieved through a share exchange. The terms of the exchange were based on the relative values of the two companies obtained by capitalizing the companies estimated cash flows. When the fair value of XYZs Ltd identifiable net assets was deducted from the value of the company as a whole, its goodwill was calculated at GH2.5 million. A similar exercise valued the goodwill of ABC at GH4 million. The directors wish to incorporate both goodwill values in the companies consolidated financial statements Required: Describe how ABC should treat the item in its financial statements for the year ended 31st December 2015 commenting on the directors views, where appropriate.