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On DEC 31 year 1, Parent Company (PC) acquired 100% of Subsidiary Company's (SA's) shares for $450. On the date of acquisition, SA's equity is

On DEC 31 year 1, Parent Company (PC) acquired 100% of Subsidiary Company's (SA's) shares for $450. On the date of acquisition, SA's equity is $160 on the balance sheet.

Additional information regarding SA shows that SA has developed a brand name whose fair value is estimated at $250 on the date of acqisition.

What is the value of goodwill to be recognized on the consolidated balance sheet?

- $40

- $200

- $290

- $30

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