X Ltd. purchased 70% of the shares of Y Ltd. at a price on 1,00,000. Share capital of Y Ltd. was of 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 B
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