PARTIAL

FVOF SUBSIDIARY 80%

CONSIDERATION: 300,000 eliminating entrries :
LESS: BV OF SHE SYRIA* 80% e1
Common stock 12,000 9,600 Common stock
PIC 108,000 86,400 PIC
RET EARNINGS 72,000 57,600 RET EARNINGS
ALLOCATED EXCESS 146,400
less: over/undervaluation
increase in inventory 4,800
increase in land 28,800 Inventory
increase in blds and equipment 120,000 land
copyright 48,000 Bldg and equipment
increase in contingency liab 4,800 copyright
bargain purchase gain -50,400
 WORKSHEET Pakistan Co.
ASSETS
CASH 334,800
12,000 A/R 86,400
108,000 INVENTORY 96,000
72,000 LAND 120,000
investment in Syria Company 153,600 BLDS AND EQUIPMENT 744,000
nci 192,000*20% 38,400 COPYRIGHT 0
INVESTMENT IN SYRIA 300,000
6,000
36,000
150,000 TOTAL ASSETS 1,681,200
60,000
Estimated contigent liab 6,000
investment in Syria comp 146,400 Liabilities AND SHE
nci 49,200 a/p 96,000
retained earnings(BPG) 50,400 Estimated Contingencis
B/P 240,000
Common stock P1 par 44,160
Common stock P1 par
pic in excess of par 723,840
pic in excess of par
retained earnings 577,200
retained earnings
 eliminations CONSOLIDATED
syria co. DR CR

334,800
24,000 110,400
60,000 6,000 162,000
48,000 36,000 204,000
222,000 150,000 1,116,000
60,000 60,000
153,600
118,800

354,000 1,987,200

6,000 6,000
240,000
44,160
12,000 12,000
723,840
108,000 108,000
50,400 627,600
72,000 72,000
CONDERATION
Common stock 12,000*25*80% 240,000
INVESTMEN IN SYRIA COMPANY 300,000

COMMON STOCK 1PAR

PIC EXCESS OF PAR
 12,000
288,000