we do not fell because the exams are tough…, its just how we approach the easy marks.., try this

Bad acquired 75% of Ugly’s 100,000 shares in issue for a cash consideration of $ 1 million. On the acquisition date, the fair value of Ugly’s assets and liabilities amounted to $1 million and Ugly’s share current market price amounted to $15. What was the amount of the goodwill on acquisition under the fair value method?

ans = 375