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Alderminster Co acquired a 70% holding in Bidford ...
Alderminster Co acquired a 70% holding in Bidford Co on 1 January 20X4 for $600,000. At that date the fair value of the net assets of Bidford Co was $700,000. Alderminster Co measures non-controlling interest at its share of net assets,On 31 December 20X6 Alderminster Co sold all its shares in Bidford Co for $950,000. At that date the fair value of Bidford Co's net assets was $850,000. Goodwill was not impaired.What was the profit or loss on disposal to be recognised in the consolidated financial statements of Alderminster Co?
A、$245,000 profit
B、$135,000 loss
C、$200,000 profit
D、$200,000 loss