On 1 July 2019 Gold Ltd acquired a 100% interest in Silver Ltd. At that date Silver Ltd had goodwill of $6 000 recorded in its statement of financial position as a result of a previous business combination. The total goodwill arising on Golds acquisition of Silver was $16 000. The goodwill to be recognised on consolidation as a result of Golds acquisition of Silver is:

Select one:

a. nil.

b. $10 000.

c. $7 000.

d. $6 000.