Where the consideration transferred is less than the fair value of the identifiable net assets and contingent liabilities acquired, the difference must be recognised in the consolidation worksheet as: a $($goodwill or gain on bargain purchase$)$

If the fair value of the consideration transferred is greater than the net fair value of the identifiable assets, liabilities and contingent liabilities of the subsidiary, the difference must be recognised in the consolidation worksheet as: a $($goodwill or gain on bargain purchase$)$