Which of the following represents the adjustment that AB made to non controlling interest in respect of the disposal when it prepared its consolidated financial statements at 31 December 20X6?

AB owned 80% of the equity share capital of FG at 1 January 20X6. AB disposed of 10% of FG’s equity share capital on 31 December 20X6 for $400,000. The non controlling interest was measured at $700,000 immediately prior to the disposal.

Which of the following represents the adjustment that AB made to non controlling interest in respect of the disposal when it prepared its consolidated financial statements at 31 December 20X6?
A . Credit of $350,000
B . Debit of $400,000
C . Debit of $350,000
D . Credit of $50,000

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Answer: A