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Use the above for questions 6-9 Assume the same facts in the above questions (questions 1 to 5) except that the Pare ple disposes only

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Use the above for questions 6-9 Assume the same facts in the above questions (questions 1 to 5) except that the Pare ple disposes only of 54,000 shares in Banan on 31/12/2010 for a cash consideration of $ 17,500 and that remaining interest in Banan was valued at $40,000 Required The worksheet journal entry to record the sale of the above 54,000 shares in Banan will include? Select one: a. A credit to Retained earnings for $22,000 O b. A Debit to Retained earnings for $18,950 c. A credit to non-controlling interests for $35,000 d. None of the answers is correct e. A debit to non-controlling interests for $49,950 Use the above for questions 6-9 Assume the same facts in the above questions (questions 1 to 5) except that the Pare ple disposes only of 54,000 shares in Banan on 31/12/2010 for a cash consideration of $ 17,500 and that remaining interest in Banan was valued at $40,000 Required The worksheet journal entry to record the sale of the above 54,000 shares in Banan will include? Select one: a. A credit to Retained earnings for $22,000 O b. A Debit to Retained earnings for $18,950 c. A credit to non-controlling interests for $35,000 d. None of the answers is correct e. A debit to non-controlling interests for $49,950

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