Hamandeggs Company Owns a 60% Interest in Hormel Company

Multiple Choice

Hamandeggs Company owns a 60% interest in Hormel Company.The consolidated balance sheet of Hamandeggs Company, prepared at the beginning of the year, showed a minority interest of $30.The net income of Hamandeggs Company and Hormel Company were $80 and $10, respectively.The ending balance in the Minority Interest account is _____.

A) $30
B) $34
C) $36
D) $40