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A company had common stock with a total par value of $18,000,000 and fair value...

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Accounting

A company had common stock with a total par value of $18,000,000 and fair value of $62,000,000; and 7% preferred stock with a total par value of $6,000,000 and a fair value of $8,000,000. The book value of the company was $85,000,000. If 90% of this company's total equity was acquired by another, what portion of the value would be assigned to the non-controlling interest?

How do you get this answer?

A. $8,500,000. B. $7,000,000. C. $6,200,000. D. $2,400,000. E. $6,929,400.

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