The statement of Financial Position of Lumina corporation on June 30, 2020 is presented below:

Current assets 195,000

land 1,320,00

building 660,000

Equipment 525,000

total assets 2,700,000

liabilities 525,000

ordinary shares , P5 par 900,000

share premium 825,000

retained earnings 450,000

total equities 2,700,000

All assets and liabilities of Lumina assumed to approximate their fair values except for land and building. it is estimated that the land have a fair value of 2,100,000 and the fair value of the building increased by 480,000. Enigma corporation acquired 80% of Lumina's outstanding shares for 3,000,000. the non-controlling interest is measured at fair value.

1. Assuming the consideration paid includes control premium of P852,000, how much is the goodwill/(gain on acquisition) on the consolidated financial statement?

a. 315,000

b. (750,000)

c. 102,000

d. 252,000

1. assuming the consideration paid excludes control premium of P138,000, and the fair value of non-controlling interest is P736,500, how much is the goodwill/(gain on acquisition) on the consolidated financial statement?

a. 469,500

b. 439,500

c. 301,500

d. 448,500