Porwal Parts Acquires All the Voting Stock of Stonegate Supplies

Porwal Parts acquires all the voting stock of Stonegate Supplies for $40 million. Stonegate's book value was $10 million at the date of acquisition. Stonegate's assets and liabilities are carried at amounts approximating fair value, but it has previously unrecognized brand names valued at $8,000,000. Consolidation eliminating entry (R) , at the date of acquisition, includes a(n) :

A) $8 million debit to identifiable intangible assets
B) $40 million credit to the investment account
C) $32 million debit to goodwill
D) $10 million debit to Stonegate's equity accounts