Del Luna Corporation concluded that the fair value of Scarlet Company was P160,000 and paid that amount to acquire all of its net assets. Scarlet reported assets with a book value of P120,000 and a fair value of 196,000 and liabilities with a book value and fair value of P46,000 on the date of combination. Del Luna also paid P6,000 to a search firm for finder's fees related to acquisition. What amount will be recorded as goodwill by Del Luna Corporation? 26,000 16,000 0 10,000 On January 1, 2021 CCC acquired all of the identifiable assets and assumed all liabilities of DDD by paying P4,800,000. On this date, identifiable assets and liabilities assumed have fair value of P7,680,000 and P4,320,000, respectively. Terms of agreement are as follows: 20% of the price shall be paid on January 1, 2021 and the balance on December 31, 2022 (the prevailing market rate on the same date 10%) The acquirer shall also transfer its piece of land with book value and fair value of P2,400,000 and P1,440,000, respectively. Included in the liabilities assumed is an estimated warranty liability. The carrying amount and fair value of this warranty liability amounted to P576,000 and P468,000, respectively. The acquiree guarantees that the warranty liability would only be settled for P480,000. How much is the goodwill on the business combination? Your