On January 1, 2016, Pell Company purchased 90% of Sand Company for $240,000 cash.Immediately after the acquisition the condensed balance sheets were as follows:

		Pell		Sand
Current assets	$40,000		$80,000
Investment in Sand	240,000
Noncurrent assets	360,000		160,000
Total assets	$640,000		$240,000

Current liabilities	$120,000	$40,000
Long-term debt	200,000	-0-
Stockholders' equity	320,000	200,000
Total liabilities & stockholders' equity	$640,000	$240,000

Any difference between book value and the value implied by the purchase price relates to land.

On the consolidated balance sheet immediately after acquisition,

Reference: Ref 3-1

Noncontrolling Interest would be:

Select one:

A. $44,000.

B. $0.

C. $24,000.

D. $26,667.

Which of the following adjustments do not occur in the consolidating process?

Select one:

A. Elimination of intra-company balances.

B. Allocations of difference between implied and book values.

C. Elimination of parent's retained earnings.

D. Elimination of the investment account.