Wilder Company increased its ownership in Howell Company from 80% to 90% by the purchase of additional shares of the Howells outstanding stock from noncontrolling shareholders for a purchase price of $275,000. Immediately prior to the transaction, Wilders consolidated balance sheet included a noncontrolling interest balance of $700,000. The journal entry by Wilder to record the purchase includes:

Select one:

A. APIC credit, $275,000

B. APIC credit, $350,000

C. APIC credit, $75,000

D. Cash credit, $175,000