1.

schedule to allocatte fair vallue / book value differential

cost of investment in set $350

implied fair value of set ($350 / 70%) ________
book value of set $500
excess fair value over book value -220
excess allocated: ________
fair value book value 5280
________
inventories ($100 - $60) allocation
land ($120 - $100) $40
buildings - net ($180 - $140) 20
equipment - net ($60 - $80) 40
other liabilities ($80 - $100) -20
allocated to identifiable net assets ________
goodwill for the remainder 100
excess fair value over book value 180
________
$280

2. consolidated balance sheet

asset
current assets:
cash ($70 + $40 $110
receivables - net ($160 + $60) 220
iventories ($140+$60+$40) 240
________
property, plant and equipment :
land ($200+$100+$20) $340
buildings - net ($220+$140+$40) 400
equipment - net ($160+$80+$20) 220
goodwill (from consolidation ________
total assets

liabilities and stockholders' equity

liabilities:
accounts payable ($180+$160) $340
other liabilities ($20+$100-$20) 100
________

stockholders' equity:
capital stock $1,000
retained earnings 100
equity of controling stockholders ________
noncontrolling interest* 1,000
total liabilities and stockholders' equity 150 1,250
________ ________
$1,690