On January 1,2008,Colorado Corporation Acquired 75 Percent of Denver Company's

On January 1,2008,Colorado Corporation acquired 75 percent of Denver Company's voting common stock for $90,000 cash.At that date,the fair value of the noncontrolling interest was $30,000.Denvers's balance sheet at the date of acquisition contained the following balances:
At the date of acquisition,the reported book values of Denver's assets and liabilities approximated fair value.Eliminating entries are being made to prepare a consolidated balance sheet immediately following the business combination.

-Based on the preceding information,in the entry to eliminate the investment balance,

A) retained earnings will be credited for $20,000.
B) additional paid-in-capital will be credited for $20,000.
C) differential will be credited for $10,000.
D) noncontrolling interest will be debited for 30,000.