The sale of the entire 80% stake above will result in the following gain/loss recognized for the Group? Pare plc acquired 80% of the shares of Banan plc for $ 100,000 cash on 1 January 2010. At that date, the fair value of net assets of Banan plc was $50,000 Banan plc had a profit of $50,000 for the year ends 31 December 2010. Assume that Pare sells its entire 80% stake in Banan plc for 205,000 on 31 December 2010. Select one a. 65.000 Gain b. No gain or loss is recognized as this is treated as a transaction between the owners O c. 105,000 Gain 0 d. 40,000 LOSS