Picnic Corp. acquired 80% of outstanding shares of Grove Inc. the stock acquisition resulted to a goodwill of P700,000. The consideration transferred by Picnic Corp. and fair value of net assets of...

Picnic Corp. acquired 80% of outstanding shares of Grove Inc. the stock acquisition
resulted to a goodwill of P700,000.

The consideration transferred by Picnic Corp. and fair value of net assets of Grove Inc.
amounted to P4,200,000 and 4,500,000, respectively.

How much is the control premium?

a. 100,000
b. 200,000
c. 1,000,000
d. None of the above