Question: 2 . Sweets Ltd paid $ 1 9 0 , 0 0 0 for 8 0 % of Lollipop Ltd . At the date of

2. Sweets Ltd paid $190,000 for 80% of Lollipop Ltd. At the date of acquisition, Lollipop Ltd had share capital of $100,000 and retained earnings of $80,000. Lollipop Ltd's assets and liabilities were recorded at fair value. The shares in Lollipop Ltd held by non-controlling shareholders were assessed to have a fair value of $50000. What is goodwill on consolidation of Lollipop Ltd based on the proportionate goodwill method?

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