Lopez Ltd Purchases 65% of Wheatfall Co

Multiple Choice

Lopez Ltd. purchases 65% of Wheatfall Co. Under the entity method of consolidation, what is allocated to non-controlling interest?

A) 35% of Wheatfall's net assets at fair value
B) 35% of Wheatfall's net assets at carrying value
C) 35% of Wheatfall's net assets at carrying value plus 35% of Wheatfall's fair value increments excluding goodwill
D) 35% of Wheatfall's net assets at carrying value plus 35% of Wheatfall's fair value increments including goodwill