Highland Company buys 70 percent of the stock of Danner Company of $91,000 . Danner Company has contributed capital of $70,000 and retained earnings of $60,000 . The consolidated financial statements would contain
a. goodwill but not minority interest.
b. neither minority interest nor goodwill.
c. minority interest and goodwill.
d. minority interest but not goodwill.
D
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