Question 10

On 1/1/2017 Ziyad company purchased 90 % of Altalian company by SR 1,250,000 , and paid SR 150,000 for commission and consulting expenses and SR 100.000 indirect expenses for registering. The balance sheet of Ziyad & Altalian companies on 31/12/2016 before of purchase was:

particulars	A	B (book value)	B (fair value )
Cash Account receivables Inventories	1,600,000 1,400,000 1,450,000	225,000 500,000 700,000	225,000 540,000 800,000
Total assets	4.450.000	1.425.000	1.565.000
Account payables Capital Add. Capital	800,000 2,700,000 950,000	250,000 800,000 375,000	265,000
Total liabilities	4.450.000	1.425.000

From the information mentioned above, fill in the blanks in the following table:

Particulars	A	B (book value)	Consolidation adjustment Dr Cr		Consolidation financial
Cash Account Receiveables Inventories Goodwill Investment	1,400,000 1,450,000	225,000 500,000 700,000
Total assets	4,350,000	1,425,000
Account payables Minority Capital Add. Capital	800,000 2,700,000 850,000	250,000 800,000 375,000
	4,350,000	1,425,000