Tiger Limited acquired the net assets and contingent liabilities of Snake Limited for a purchase consideration of $600 000. Snake Limited's net assets and contingent liabilities at fair value were: total assets $740 000; total liabilities $300 000; and contingent liabilities $100 000. The amount of goodwill to be recognised by Tiger Limited when recording the business combination is: Question 22 Select one: $340 000 $260 000 $160 000 $600 000