On January 3, 20X9, Pine Company acquired 75 percent of Sap Company's outstanding common stock for cash. The fair value of the noncontrolling interest was equal to a proportionate share of the book value of Sap Company's net assets at the date of acquisition. Selected balance sheet data at December 31, 20X9, are as follows: Pine Sap Total Assets$504,000 $216,000 Liabilities 144,000 72,000 Common Stock 120,000 60,000 Retained Earnings 240,000 84,000 Total Liabilities and Stockholders' Equity$504,000 $216,000 Based on the preceding information, what amount should be reported as noncontrolling interest in net assets in Pine Company's December 31, 20X9, consolidated balance sheet?
A. $90,000
B. $54,000
C. $0
D. $36,000
Answer: D
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