Subject name is Corporate Accounting and Reporting . I have attached a screenshot which contains values and all questions

Solution:
1.) Following adjustments had to be considered:
    Account
    Cost
    Carrying Amount
    Fair Value
    Inventories
    
    $ 19,800
    $ 21,800
    Land
    
    $ 50,000
    $ 55,000
    Equipment
    $ 76,250
    $ 61,000
    $ 73,000
    Contingent Liability
    Rex Ltd. identified at acquisition date a lawsuit where Rex Ltd. was sued by a formal supplier with the fair value of:
    $ 8,000
    Unrecorded Asset
    Rex Ltd. had unrecorded and internally generated patent with the fair value of:
    $ 20,000
    Unrecorded asset
    Rex Ltd. had unrecorded and internally generated in-process research and development with the fair value of:
    $ 15,000
As per accounting standard, at the time of business acquisition, all the assets & liabilities had to be taken in its fair value. Hence, to derive the fair value of all of its assets & liabilities of Rex Ltd., following adjustment needs to be done:
Computation of all identifiable assets & liabilities at its fair value:
    Particulars
    Amount
    Share Capital
     $ 2,64,000
    General Reserve
    $ 1,98,000
    Asset Revaluation
    $ 99,000
    Net worth of the company
    $ 5,61,000
    Less: carrying amount of assets included above
    $ 1,30,800
    
    $ 4,30,200
    Adjustments:
    
    Add: Fair value of Inventories
    $ 21,800
    Add: Fair value of Land
    $ 55,000
    Add: Fair value of Equipment
    $ 73,000
    Add: Unrecorded Patent Value
    $ 20,000
    Add: Unrecorded Process research & development
    $ 15,000
    Less: Contingent liability
    $ 8,000
    Fair Value of Net assets at acquisition date
    $ 6,07,000
    Value of 98% share at fair value (607000*0.98)
    $ 5,94,860
    Value at which 98% shares are purchased
    $ 6,60,000
    Goodwill Value under Partial goodwill method
    $ 65,140
Remarks:
From the above table, it can be observed that Sam Ltd. had paid $ 65,140 as premium i.e. more than its value for the purchase of 98% shares of Rex Ltd. which would be recorded as Goodwill while consolidating the books of both the companies.
2.) Journal Entry in the books of Sam Ltd.
a.)
Investment in Rex Ltd.-------------------Dr. $ 6,60,000
To...