X Corp. acquired all of the stock of Y Corp, at an acquisition cost of $30 million. Y Corp's book value a the time was $10 million. Y Corp'scurrent asets and current liabilities were carried at amounts approximating fair value. However, its plant assets were overvalued by $6 million. Y Corp also has previously unreported developed technology valued at $4 million. Which of the following is FALSE concerning the consolidation working paper at the date of acquisition?

-Eliminating entry (E) reduces the investment by $10 million

-Eliminating entry (R) increases goodwill by $12 million

-Eliminating entry (R) increases identifiable intangible assets by $4 million

-Eliminating entry (E) reduces Y Corp's stockholders' equity by $10 million

-All of the above are false