Wendy Limited Paid $120 000 for 75% of Yum Limited $\bullet$

Wendy Limited paid $120 000 for 75% of Yum Limited.At the date of acquisition Yum Limited had equity as follows: $\bullet$ share capital of $100 000
$\bullet$ retained earnings of $50 000
$\bullet$ other reserves of $30 000.
All of Yum Limited's assets and liabilities were recorded at fair value.The fair value of identifiable net assets acquired by Wendy Limited amounted to:

A) $90 000.
B) $120 000.
C) $135 000.
D) $180 000.