Postage Corporation Acquired 75 Percent of Stamp Corporation's Common Stock

Multiple Choice

Postage Corporation acquired 75 percent of Stamp Corporation's common stock on December 31,20X8,for $300,000.The fair value of the noncontrolling interest at that date was determined to be $100,000.Stamp's balance sheet immediately before the combination reflected the following balances:
A careful review of the fair value of Stamp's assets and liabilities indicated that inventory,land,and buildings and equipment (net) had fair values of $65,000,$100,000,and,$300,000 respectively.Goodwill is assigned proportionately to Postage and the noncontrolling shareholders.
-Based on the preceding information,what amount will be reported as noncontrolling interest in the consolidated balance sheet immediately following the acquisition?

A) $0
B) $70,000
C) $83,750
D) $100,000