A Company Had Common Stock with a Total Par Value

question 47

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. If 90% of this company's total equity was acquired by another, what portion of the value would be assigned to the non-controlling 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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