I have the following company :

Assets                          150

Share capital             -100

Accumulated loss    550

Liabilities                    -600

Parent buys the company by issuing its 250 of its own shares valued @ $1 each = $250

How do I firstly bring this into the companys books and then consolidation entries.

PARENT

Dr Investement in sub         100 (created so when I consolidate the investment equals the share capital of subsidiary)

Dr Negative goodwill           150 (to profit/loss)

Cr Share capital                     -250 (raise shares issed)

ON CONSOLIDATION

Dr Share capital                  100

Cr Investment in sub     -100

Is this the correct handling of this acquisition?