Urgent - problem of holding co

     ACQUISITION  OF PROFIT

                                                                         CAPITAL               REVENUE         TOTAL

PROFIT                                                        30000                      52000                 82000

TIME ADJUSTMENT                                 26000                      (26000)

                                                                    -----------                     -----------

                                                                    56000                        26000

                                  80%                          44800                       20800

                                 20%                           11200                       5200

                                                                     -----------                   -----------

CALCULATION OF GOODWILL/ CAPETAL RESERVE 

INVESTMENT                     =   340000

(-) CAPITAL PROFIT         =       44800

(-) DIVIDEND                     =       16000

(-) ESC                               =     160000

                                                 --------------

                                                    119200

                                                  --------------

Profit as on 1.4.05 of S Ltd is 30,000/-

IT SHOULD BE "PROFIT AS ON 1.4.04 OF S. LTD IS 3000/-

IN THIS QUESTION, THE INFORMATION ABOUT DIVIDEND IS NOT COMPLETE,

SO IT HAS BEEN ASSUMED THAT THE DIVIDEND IS OF LAST FINANCIAL YEAR AND HAS BEEN DECLARED AFTER THE ACQUISITION OF SHARES BY HOLDING CO.

  ITIIYIT ITIS