Question - On January 1st 2012 Wilson Company acquired all of the stock of a subsidiary. The following data is available:
Wilson Company Subsidiary
Total Assets $650 $400
Total Liabilities $200 $190
Total Stockholders equity $450 $210
The acquisition by Wilson company represents 100% interest in the subsidiary. On January 1st 2012 The fair value of the subsidiary's assets and liabilities are equal to their book value. Wilson Company paid $450 for 100% of the percent interest in the subsidiary. What amount of goodwill is applied in the purchase?
A. $0
B. $200
C. $240
D $10