X Ltd purchased 70% of the shares of Y Ltd at a price of Rs. 1,00,000. The share capital of Y Ltd was Rs. 70,000, and its accumulated profits amounted to Rs. 90,000. What would be the amount of minority interest in the consolidated balance sheet?
A. Rs. 25,000
B. Rs. 70,000
C. Rs. 1,00,000
D. Rs. 40,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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