3 10 1 19 18 1 16 15 14 1 12 11 1) 3 7 7 Pen corporation acquired 80% of Syn company common stock for 360,000 $ on January 1, 2015, when syn,s stockholders equity consisted of $300,000 capital (common stock 15000 shares for 20 $ per share) and $ 30,000 retained earnings. The Excess of fair value over book value equal 60,000 30,000 10.000 120,000 8 The term affiliate is used to meant 3 10 1 19 18 1 16 15 14 1 12 11 1) 3 7 7 Pen corporation acquired 80% of Syn company common stock for 360,000 $ on January 1, 2015, when syn,s stockholders equity consisted of $300,000 capital (common stock 15000 shares for 20 $ per share) and $ 30,000 retained earnings. The Excess of fair value over book value equal 60,000 30,000 10.000 120,000 8 The term affiliate is used to meant