Pal and Its Subsidiary

Consolidated Working papers

January 1, 2016
Elimination
Pal Book Value Sugar Book Value Debit
Cash 1. C. 150,000 2. B. 120,000 3. ff. -
Inventories 6. J. 550,000 7. G. 320,000 8. A. 40,000
Other Current Assets 11. P. 1,100,000 12. M. 900,000 13. D. 200,000
Land 16. O. 1,000,000 17. F. 300,000 18. L. 600,000
Plant and Equipment - net 21. Y. 6,600,000 22. V. 2,500,000 23. Q. 1,250,000
Investment in Subsidiary 26. Z. 7,000,000 27. ff. - 28. ff. -
Goodwill 31. ff. - 32. ff. - 33. R. 1,843,000
Total Assets 36. DD. 16,400,000 37. X. 4,140,000 38. ff. -

Liabilities 41. T. 2,200,000 42. I. 500,000 43. ff. -

Share Capital, P10 par value 46. 6,000,000 47. O. 1,000,000 48. O. 1,000,000
Share Premium 51. bb. 7,650,000 52. H. 400,000 53. H. 400,000
Retained Earnings 56. J. 550,000 57. U. 2,240,000 58. U. 2,240,000
NCI 61. ff. - 62. ff. - 63. ff. -
Total Liabilities and Shareholders' Equity 66. dd 16,400,000 67. X. 4,140,000 68. ff. -
Elimination
Credit Consolidation
4. ff. - 5. E. 270,000
9. ff. - 10. N. 910,000
14. ff. - 15. T. 2,200,000
19. ff. - 20. S. 1,900,000
24. ff. - 25. cc. 10,350,000
29. Z. 7,000,000 30. ff. -
34. ff. - 35. R. 1,843,000
39. ff. - 40. ee. 17,473,000

44. ff. - 45. W. 2,700,000

49. ff. - 50. Z. 7,000,000
54. ff. - 55. bb. 7,650,000
59. ff. - 60. L. 600,000
64. K. 573,000 65. K. 573,000
69. ff. - 70. ee. 17,473,000