Consideration Transferred 517,000

Goodwill -93,000
FMV of Net Assets 424,000
Add: Liabilities 356,000
Total Assets 780,000
FMV of other assets -363,000
FMV of Buildings and Equipment 417,000

Previously held interest (15%) 500,000

Cash (60%) 2,160,000
Non-controlling Interest (25%) @ FV 900,000
Total Consideration 3,560,000
FMV of net assets -3,200,000
(wala sinabi kung anong
measurement ng NCI kaya compare
GOODWILL 360,000 HIGHER both method)

Previous interest 500,000

Cash 2,160,000
NCI @ Proportionate 800,000
Total Consideration 3,460,000
FMV of assets -3,200,000
GOODWILL 260,000

Pete Company's SHE:

capital stock 7,200,000
APIC 3,120,000
Retained Earnings 6,000,000
EXPENSES:
Professional Fees -120,000
Broker's fees -80,000
Costs to register stock -50,000
Issued Shares (48,000 x 175) 8,400,000
TOTAL SHE AFTER BUSINESS COMBI 24,470,000

Total Assets @ FV 5,750,000 Shares Issued

Acquired Company 2,860,000 Contingent Consi
GOODWILL 205,000 Total Consideration
Legal Fees -105,600 FMV of Net Assets
Audit Fee -320,400 GOODWILL
Cost of stock cert -35,000
Broker's fee -49,000
other direct cost -50,000
general allocated cost -14,000
Contingent Consideration -750,000
TOTAL ASSETS 7,491,000
 1350000
750,000
2100000
-1,895,000
205,000