Pepper Company owns 60,000 of Salt Company's 100,000 outstanding shares.This year, Salt purchased 20,000 of its outstanding shares from the NCI for $70,000.Pepper's interest after the treasury stock purchase is:

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The Answer of Pepper Company owns 60,000 of Salt Company's 100,000 outstanding shares.This year, Salt purchased 20,000 of its outstanding shares from the NCI for $70,000.Pepper's interest after the treasury stock purchase is:

Pepper Company Owns 60,000 of Salt Company's 100,000 Outstanding Shares