How much is the NCI in net assets?

a. 95,000 b. 89,000 c. 103,000 d. 112,000

ALUM Co. paid P150,000 for its 75% interest in LUKE CO. CALUM elected to value NCI at fair value. LUKE's net identifiable assets approximated their fair values at acquisition date. The acquisition resulted in a goodwill attributable to NCI of P10,000. Since the acquisition date, LUKE has made accumulated profits of P200,000. There have been no changes in LUKE's share capital since acquisition date. The group determined that goodwill has been impaired by P8,000. CALUM CO. LUKE CO. 1,000,000 1500,000 Total Assets Total Liabilities ||200,000 ||120,000 Share Capital 300,000 ||100,000 Retained Earnings 500,000 ||280,000 Total Liabilities and Equity 1,000,000 500,000