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An analyst gathers the following information (in € millions) about a company's acquisition of a 70% stake in a subsidiary:
Fair market value of the subsidiary: 400
Acquisition price: 280
Fair value of subsidiary's identifiable net assets: 350
Book value of subsidiary's assets: 370
Using the partial goodwill method, the company will report goodwill (in € millions) of:
A
21
B
35
C
50