Make it clear

The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90% of the subsidiary's stock: Current assets Investment in S Company Long term assets Other assets Total asset Current liabilities Long term liabilities Common stock Retained earnings Total equities Par (OMR) Sub (OMR) 780,000 280,000 190,000 1,200,000 400,000 70,000 70,000 2.240.000 750,000 700,000 260,000 920,000 270,000 600,000 180,000 20.000 40.000 2.240,000 750.000 Required a. Prepare a computation and allocation of Difference between implied value and book value for Par Co. b. Prepare Consolidated Balance Sheet Workpaper for year ending 30th November 2019 for Par Co and subsidiary. The following case shows the financial position of a parent company (Par) and its subsidiary company (Sub) on November 30, 2019, just after the parent had purchased 90% of the subsidiary's stock: Current assets Investment in S Company Long term assets Other assets Total asset Current liabilities Long term liabilities Common stock Retained earnings Total equities Par (OMR) Sub (OMR) 780,000 280,000 190,000 1,200,000 400,000 70,000 70,000 2.240.000 750,000 700,000 260,000 920,000 270,000 600,000 180,000 20.000 40.000 2.240,000 750.000 Required a. Prepare a computation and allocation of Difference between implied value and book value for Par Co. b. Prepare Consolidated Balance Sheet Workpaper for year ending 30th November 2019 for Par Co and subsidiary