Which of the following observations refers to the term goodwill?

Select one:

a. Excess of fair value over book value of net assets

b. Excess of Investment amount over book value net assets

c. Excess of investment amount over fair value of net assets

d. Excess of fair value over historical cost of assets

On1/1/ 2019,X Co acquired 100% of the common stock of Y Co. At that time, X held lands with a book value of $50,000 and a fair value of $ 130,000; Y held lands with a book value of $25,000 and fair value of $300,000.at what amount would lands be reported in X Co balance sheet prepared immediately after the merger ?

Select one:

a. 295,000

b. 275,000

c. 430,000

d. 350,000