P Limited obtained control with the acquisition of an 80% equity interest in the share capital of S Limited on 1 January20.9 and paid R140 000 cash to the sellers of the shares (previous shareholder(s)) to settle the purchase price. At acquisition date the equity of S Limited consisted of the following: Share capital (100 000 shares) R100 000 Retained earnings R50 000 What amount would be recognized as Goodwill in proforma consolidation journals of P Ltd? Select one: a. R20 000 b. R30 000 c. R50 000 d. R10 000

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