Primer Company Acquired an 80% Interest in SealCoat Company on January

Multiple Choice

Primer Company acquired an 80% interest in SealCoat Company on January 1, 2013, for $450,000 cash when SealCoat Company had common stock of $250,000 and retained earnings of $250,000.All excess was attributable to plant assets with a 10-year life.SealCoat Company made $50,000 in 2013 and paid no dividends.Primer Company's separate income in 2013 was $625,000.The controlling interest in consolidated net income for 2013 is:

A) $675,000.
B) $665,000.
C) $660,000.
D) $625,000.