On

(1)/(1)/2019

, P Co acquired

75%

of S Co's outstanding common stock for cash. The fair value of the noncontrolling interest was equal to a proportionate\ Share of the book value of S Co net assets, at the acquisition date the balance\ sheet data are as follows:-\

P

\

S

\ \\\\table[[total assets,504,000],[108,000,],[liabilities,],[36,000,144,000],[common stock,120,000],[30,000,],[\\\\table[[retained earning],[42,000]],240,000]]\ Based on the preceding information, what amount should be reported as noncontrolling interest in net assets in the 1/1/2019 consolidated balance sheet?\ Select one:\ a. 45,000\ b. 18,000\ c. 9,000\ d. 27,000

On 1/1/2019, P Co acquired 75% of S Co's outstanding common stock for cash. The fair value of the noncontrolling interest was equal to a proportionate Share of the book value of S Co net assets, at the acquisition date the balance sheet data are as follows:- Based on the preceding information, what amount should be reported as noncontrolling interest in net assets in the 1/1/2019 consolidated balance sheet? Select one: a. 45,000 b. 18,000 c. 9,000 d. 27,000