Single choice 21) Company X(the Parent) acquires an 80% stake in Company Z (the Subsidiary) for CU400,000 when the retained earnings of the latter were CU50,000. As at the current reporting date the statement of financial position of the two companies were as follows: Parent subsidiary CU'000 CU'000 Non-current assets Goodwill 0 0 Tangible non-current assets 1,200 500 Non-current asset investment 400 0 Net current assets 700 300 Long term liabilities (200) (100) 2,100 700 Share capital Retained earnings Non-controlling interests 200 1,900 0 2,100 100 600 0 700 Based on this information, answer the following questions, What is the value of purchased goodwill? OCU160,000 (Negative) O CU250,000 CU280,000 O CU360,000