Question: d Multiple Choice Question On 1 July 2019 Wang Lid acquired a 100% interest in Zhou Ltd. At that date Zhou Ltd had goodwill of

Multiple Choice Question On 1 July 2019 Wang Lid acquired a 100% interest in Zhou Ltd. At that date Zhou Ltd had goodwill of $6,000 recorded in its statement of financial position as a result of a previous business combination. The total goodwill arising on Wang's acquisition of Zhou was $16,000. The goodwill to be recognised in the consolidation entry to recognise goodwill as a result of Wang's acquisition of Zhou is: a. $16,000. b. $6,000. c. $7,000. d. $10,000

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