McGuire Company Acquired 90 Percent of Hogan Company on January

Multiple Choice

McGuire Company acquired 90 percent of Hogan Company on January 1, 2014, for $234,000 cash. This amount is reflective of Hogan's total fair value. Hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of Hogan's net assets revealed the following: Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 5 years.
The acquisition value attributable to the non-controlling interest at January 1, 2014 is:

A) $23,400.
B) $24,000.
C) $24,900.
D) $26,000.
E) $20,000.