Consider that Al-Sayed Co, paid $3,200m for all Wadi, Co., and the net assets on the books of Wadi

have a Book Value of $2,200m and a Fair Maket Value of $2,400m, due to revaluation of Equipment.

Balance Sheets: in millions		Al-Sayed Co.	Wadi Co, shown at FMV	Eliminations and Adjustments	Al-Sayed (Group)
Assets
Investment in Wadi Co.		3,200	-
Equipment		2,000	1,400
Other assets		800	1,000
Goodwill		0	0
Total Assets		6,000	2,400
Liabilities
other Liab		-	-
Share Capital		1,000	600
Ret. Earnings		5,000	1,800
Total Liab & Capital		6,000	2,400

a)

Calculate the Goodwill upon Acquisition?

b)

Fill in the blanks below to complete the consolidation