Goodwill or capital reserve on acquisition
Investment = 260000
Less 70 % of Share capital + Retained Earnings (100000+170000)*0.7 = 189000
Goodwill on acquisition = 260000-189000= 71000
Non Controlling Interest = 30%of 270000= 81000 less dividend paid i.e 30%of 10000 =81000-3000=78000
Particulars	Pepper	Salt	Consolidated
Current Assets	152000	115000	267000
Depreciable fixed assets	400000	200000	600000
Accumulated depreciation	-130000	-40000	-170000
Goodwill			71000
investment in salt Company	260000
Current Liabilities	-80000		-80000
Common Stock	-300000	-100000	-300000
Retained Earnings	-255000	-170000	-255000
Non controlling interest*			-78000
Sales	-200000	-100000	-300000
Expenses	160000	85000	245000
Subsidiary Income	-7000
Dividends Declared		10000
Total	0	0	0
Consolidated Income statement
Particulars
Revenue - 200000+100000	300000
Expenses - 160000+85000	-245000				A. Do worksheet for Pepper and Salt. Excerse 6