e) patterson soriano

revenues 3000000 1400000

exp 1750000 600000
difference 1250000 800000
less amortization 435000

net income 1250000 365000

consoildated income = 1615000

controlling interest share 80 % = 1542000
non controlling interest share 20 % = 73000

f)

Beginning share of non controlling interest 600000

add: share of retained earnings 67000
non controlling interest at 31/12 667000

g) net assets would be $ 2,300,000 (no change)

amortization of fair value difference
trade marks -20000
patented technology -265000
buildings 50000
-235000
 50000 -250000
500000 200000
740000 1060000
1010000 1010000
600000