E 8-7 Subsidiary sells share to outside entities On January 1, 2014, Yasmeen BSC acquired 90,000 out of 100,000 outstanding common shares of Talal BSC for

$720,000. The total stockholders’ equity account of Talal BSC was $800,000 at this date. On January 2, 2014, Talal BSC sold an additional 10,000 common shares to the public for $10 per share.

290 CHAPTER 8 REQuIRED 1. Calculate the ownership percentage of Yasmeen BSC in Talal BSC after the sale of additional shares.