Where the Controlled Entity's Non-Current Assets Were Not at Fair

Where the controlled entity's non-current assets were not at fair value at the date of purchase and they have not been revalued in the controlled entity's accounts,the treatment in the consolidation entry may include which of the following entries?

A)
$$\begin{array} { | c | l | c | c | } \hline \mathrm { Dr } & \text { Non-current assets } & X X & \\\hline \mathrm { Cr } & \text { Investment in subsidiary } & & \mathrm { XX } \\\hline & & & \\\hline \mathrm { Dr } & \text { Share capital } & X X & \\\hline \mathrm { Dr } & \text { Retained earnings } & X \mathrm { X } & \\\hline \mathrm { Dr } & \text { Non-current assets } & X \mathrm { X } & \\\hline \mathrm { Dr } & \text { Goodwill } & X \mathrm { X } & \\\hline \mathrm { Cr } & \text { Investment in subsidiary } & & \mathrm { XX } \\\hline\end{array}$$
B)
$\begin{array}{|c|l|c|c|}\hline \text { Dr } & \text { Non-current assets } & X X & \\\hline \mathrm{Cr} & \text { Gain on revaluation } & & XX\\\hline & & & \\\hline \mathrm{Dr} & \text { Share capital } & X X & \\\hline \mathrm{Dr} & \text { Retained earnings } & X X & \\\hline \mathrm{Dr} & \text { Goodwill } & X X & \\\hline \mathrm{Cr} & \text { Investment in subsidiary } & & X X \\\hline\end{array}$
C)
$$\begin{array} { | c | l | c | c | } \hline \mathrm { Dr } & \text { Investment in subsidiary } & X \mathrm { X } & \\\hline \mathrm { Cr } & \text { Revaluation surplus } & & \mathrm { XX } \\\hline & & & \\\hline \mathrm { Dr } & \text { Share capital } & \mathrm { XX } & \\\hline \mathrm { Dr } & \text { Non-current assets } & \mathrm { XX } & \\\hline \mathrm { Dr } & \text { Goodwill } & \mathrm { XX } & \\\hline \mathrm { Cr } & \text { Investment in subsidiary } & & \mathrm { XX } \\\hline\end{array}$$
D)
$$\begin{array} { | c | l | c | c | } \hline \mathrm { Dr } & \text { Non-current assets } & X X & \\\hline \mathrm { Cr } & \text { Revaluation surplus } & & X X \\\hline & & & \\\hline \mathrm { Cr } & \text { Deferred tax liability } & X X & \\\hline \mathrm { Dr } & \text { Share capital } & X X & \\\hline \mathrm { Dr } & \text { Retained earnings } & X X & \\\hline \mathrm { Dr } & \text { Revaluation surplus } & X X & \\\hline \mathrm { Dr } & \text { Goodwill } & X X & \\\hline \mathrm { Cr } & \text { Investment in subsidiary } & & X X \\\hline\end{array}$$

Correct Answer:

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