FLS is based in F-land where currency is the F$. The company is preparing its group financial statements to 31 December 20X3. On 31 December 20X3, FLS acquired 80% of the ordinary shares of another company, VMC, for F$580,000 and elected to measure the non-controlling interest at the proportionate share of net assets. The following information relates to VMC's net assets at acquisition: Carrying amount of VMC's net assets: F$400,000. Net assets include a building with a carrying amount of F$100,000 and a fair value of F$160,000. VMC's internally generated brand is independently valued at F$40,000. VMC's contingent liability is estimated to have a fair value of F$15,000. What is the amount of the goodwill in VMC that should be recognised in the consolidated statement of financial position of the FLS group as at 31 December 20X3? Solution A.F$112,000 B.F$180,000 C.F$192,000 D.F$212,000