Merger accounting in which the company to be acquired has already invested in the company is acquiring it?

I have a company A which has Net Assets Amounting to CU 380 million, Total no. of shares issued are 34 million, breakup value of each share is CU 10.01. Company B has Net Assets if CU 408 Million, total no. of shares paid up 33 million and break up value per share is CU 12.22? Now company B is merging into company A. But Company B has invested in equity capital of company A and holds 8 million shares in it. Can any one solve this situation in two column excel sheet (having first column for company A, second for company B, third for Inter company adjustment and fourth and last column for merged equity portion of balance sheet)?

I am a student and have stuck up to this simple situation and cant tally the equity portion of the balance sheet. Just tell me where to deduct the investment from? May i deduct it from paid up share capital of Company A or should i deduct it from Swap calculation?

So you want us to do your home work for you?! That's not what yahoo answers is for!
So are you an analyst who happens to be frustrated, or do regularly frustrate analysts? Oh wait you are a student who thinks that if she can bull **** her way through school, then she will be able to convince some one to give her a job by waving around a magic piece of paper called a degree.
Any way this is a simple situation and the book you have been using ( or are supposed to be using ) has the formula you need to use. SO, crack that book open, find it, and plug in your numbers...'K?

Come to my office hrs....

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