Arthur Ltd acquires all the issued capital of Martha Ltd for a cash payment of $3,000,000 on 30 June 2005.The balance sheet of Martha Ltd at purchase date is: 
Assuming the assets are at fair value,what is the goodwill or excess on consolidation?
A) Goodwill of $500,000
B) Excess of $1 580,000
C) Goodwill of $510,000
D) Excess of $495,000
E) None of the given answers.
Correct Answer:
Verified
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