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Question - If the shareholder's equity allocated to the subsidiary's preference shares amounts to $240,000 and the parent company acquires 60% of the subsidiary's preference shares at a cost of $150,000, how much will the non-controlling interest in the preferred shares amount to after the purchase by the parent.
a) $90,000
b) $96,000
c) $240,000
d) $120,000
Identify the companies to start with, you can visit the Toronto Stock Exchange website for information on listed companies in Canada.
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