If the Shareholders' Equity Allocated to the Subsidiary's Preference Shares

Multiple Choice

If the shareholders' equity allocated to the subsidiary's preference shares amounts to $240,000 and the parent company acquires 60% of the subsidiary's preference shares at a cost of $150,000, how much will the non-controlling interest in the preferred shares amount to after the purchase by the parent?

A) $90,000
B) $96,000
C) $120,000
D) $240,000