Multiple Choice
On January 1,2014,Packaging International purchased 90% of Shipaway Corporation's outstanding shares for $135,000 when the fair value of Shipaway's net assets were equal to the book values.The balance sheets of Packaging and Shipaway Corporations at year-end 2013 are summarized as follows: 
If a consolidated balance sheet was prepared immediately after the business combination,the noncontrolling interest would be
A) $9,000.
B) $13,500.
C) $15,000.
D) $16,667.
Correct Answer:
Verified
Correct Answer:
Verified
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