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Xiao Long Bao Corp. acquired 80% of outstanding shares of Piknik Inc. the stock acquisition resulted to a goodwill of P700,000. The consideration transferred by

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Xiao Long Bao Corp. acquired 80% of outstanding shares of Piknik Inc. the stock acquisition resulted to a goodwill of P700,000. The consideration transferred by Xiao Long Bao Corp. and fair value of net assets of Piknik Inc. amounted to P4,200,000 and 4,500,000, respectively. 8. How much is the control premium? a. 100,000 b. 200.000 c. 1.000.000 d. None of the above

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