Arnez Ltd Acquired 70% of the Outstanding Common Shares of Bedard

Multiple Choice

Arnez Ltd. acquired 70% of the outstanding common shares of Bedard Ltd. At the acquisition date, Bedard's net identifiable assets had a carrying value of $825,000 and a fair market value of $1,000,000. Arnez paid $910,000 for the acquisition. Under the entity method, what amount should be reported for the non-controlling interest on the consolidated statement of financial position?

A) $210,000
B) $247,000
C) $300,000
D) $390,000