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P Ltd paid $500 million to acquire 90% of S Ltd on 31 December 20x8 when S Ltd's net assets were represented by share capital of $100 million and retained profits of $100 million

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P Ltd paid $500 million to acquire 90% of S Ltd on 31 December 20x8 when S Ltd's net assets were represented by share capital of $100 million and retained profits of $100 million. On this date, S Ltd's land which was carried in its statement of financial position at $500 million had a market value of $600 million. S Ltd's share capital comprised 100 million shares which are traded on 31 December 20x8 at a market value of $4.50 per share. The group policy was to measure its non-controlling interest based on its acquisition-date fair value. For 20x8 consolidation, the consolidation journal entry for "Non-controlling interest" should be:
Group of answer choices





-None of the listed choices.
-Dr Share capital $10 million, Dr Beginning retained profit $10 million, Dr Land $10 million, Dr Goodwill $15 million, Cr Non-controlling interest $45 million.
-Dr Share capital $10 million, Dr Beginning retained profit $10 million, Cr Non-controlling interest $20 million.
-Dr Share capital $10 million, Dr Beginning retained profit $10 million, Dr Land $10 million, Cr Non-controlling interest $30 million.
-Dr Share capital $10 million, Dr Beginning retained profit $10 million, Dr Goodwill $23 million, Cr Non-controlling interest $43 million.

Which option is it?