A Company Had Common Stock with a Total Par Value

question 102

Multiple Choice

A company had common stock with a total par value of $18,000,000 and fair value of $62,000,000; and 7% preferred stock with a total par value of $6,000,000 and a fair value of $8,000,000.The book value of the company was $85,000,000.Assuming ninety percent (90%) of the company's total equity is acquired, what amount must be attributed to the noncontrolling interest?

• A) $8,500,000.
• B) $7,000,000.
• C) $6,200,000.
• D) $2,400,000.
• E) $6,929,400.

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Definitions:

Antigenic Determinants

Specific parts of a foreign protein or pathogen that the immune system recognizes and responds to, also known as epitopes.

Sabin Polio

A type of oral polio vaccine developed by Albert Sabin that contains a weakened form of the polio virus, used to induce immunity against poliomyelitis.

Culturing

Culturing refers to the process of growing cells, bacteria, or other microorganisms under controlled conditions, usually in a nutrient medium.

Pathogen

An organism, such as a virus, bacterium, prion, or fungus, that causes disease in its host.