CPA Study Group
from my point of view as mentioned in the options fair value of consideration given up is less then the fair value of all identifiable assets and liabilities would result in a gain , not a goodwill .
lets take an example if consideration given up is 10000 and fair value of all identifiable assets and liabilities is 12000 ( f.v. of consideration given less then fair value of assets less liabilities ) will result in 2000 ( negative) which means parent company has given less then what the companies actual fair value is
so from my point of view the mentioned option is incorrect