Frey LtdAcquired 70% of Sabo Ltd

Frey Ltd.acquired 70% of Sabo Ltd.in 20X4.On January 1,20X8,Frey acquired another 10% of Sabo's common shares for $250,000.Under the entity method,the balance of the non-controlling interest at December 31,20X7 was $660,000.What adjustment should be made to consolidated shareholders' equity to reflect Frey's additional purchase of shares?

A) $30,000
B) $136,667
C) $220,000
D) $250,000

Correct Answer:

Verified

Show Answer