When a parent purchases a portion of the newly issued stock of its subsidiary and the ownership interest increases, a. any difference between the change in equity and the price paid is viewed as a gain or loss on the sale of an interest b. any difference between the change in equity and the price paid is the excess of cost or book value attributable to the new block. O c. there will be no adjustment. d. any difference between the change in equity and the price paid is viewed as a change in paid- in capital or retained earnings. Pepper Company owns 60,000 of Salt Company's 100,000 outstanding shares. This year, Salt purchased 20,000 of its outstanding shares from the NCI for $70,000. Pepper's interest after the treasury stock purchase is: a. 50% b. 75% O c. 80% d. 60%