On 1/1/ 2019, J Co acquired 75% of M Co outstanding common stock for cash. The fair value of the noncontrolling interest was equal to a proportionate

share of the book value of M Co net assets, at the acquisition date the balance

sheet data are as follows:-

J M

total assets 504,000 108,000

liabilities 144,000 36,000

common stock 120,000 30,000

retained earning 240,000 42,000

Based on the preceding information, what amount should be reported as noncontrolling interest in net assets in 1/1/2019 consolidated balance sheet?

Select one:

a. 45,000

b. 18,000

c. 9,000

d. 27,000