A company had common stock with a total par value of $26,000,000 and fair value of $70,000,000; and 8% preferred stock with a total par value of $9,000,000 and a fair value of $12,000,000. The book value of the company was $90,000,000. Assuming 85% of the company's total equity is acquired, what amount must be attributed to the noncontrolling interest?
A) $8,700,000.
B) $10,500,000.
C) $12,300,000.
D) $13,500,000.
E) $17,400,000.

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The Answer of A company had common stock with a total par value of $26,000,000 and fair value of $70,000,000; and 8% preferred stock with a total par value of $9,000,000 and a fair value of $12,000,000. The book value of the company was $90,000,000. Assuming 85% of the company's total equity is acquired, what amount must be attributed to the noncontrolling interest?
A) $8,700,000.
B) $10,500,000.
C) $12,300,000.
D) $13,500,000.
E) $17,400,000.

A Company Had Common Stock with a Total Par Value