Scissor Corporation Holds Assets with a Fair Value of $150,000

Multiple Choice

Scissor Corporation holds assets with a fair value of $150,000 and a book value of $125,000 and liabilities with a book value and fair value of $50,000.What balance will be assigned to the noncontrolling interest in the consolidated balance sheet if Paper Company pays $90,000 to acquire 75 percent ownership in Scissor and goodwill of $20,000 is reported?

A) $50,000
B) $30,000
C) $40,000
D) $20,000