On January 1, Year 1, PAR Ltd. invested $10 in cash for a 10percent interest in VIC Inc. An analysis has been performed, and it has been determined that VIC is a variable interest entity and PAR is the primary beneficiary of VIC. The carrying amounts and fair values of both companies immediately prior to the investment by PAR were as follows:

	PAR Ltd.			PAR Ltd.			VIC Inc.			VIC Inc.
	Carrying amount			Fair value			Carrying amount			Fair value
Identifiable assets	$	200		$	240		$	130		$	150
Identifiable liabilities		110			110			70			70
Shareholders’ equity		90			145			60			90

What amount would PAR report on its consolidated balance sheet for goodwill on the date it obtained control of VIC?

A. $0

B. $10

C. $15

D. $25

Answer rating: 100% (QA)

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