In a certain code language:
"About having good time" is coded as "ts pa ln bk" ----------(1)
"Long road good company" is coded as "ln fz ow mx" ----------(2)
"Company having great knowledge" is coded as "bk cq fz dj" ----------(3)
"Knowledge are happy time" is coded as "cq ze pa hv" ----------(4)
From statements (1), (2) and (3):
"About having good time" is coded as "ts pa ln bk" ----------(1)
"Long road good company" is coded as "ln fz ow mx" ----------(2)
"Company having great knowledge" is coded as "bk cq fz dj" ----------(3)
The code for 'Good' = ln
The code for 'Having' = bk
The code for 'Company' = fz
From statements (1), (3) and (4):
"About having good time" is coded as "ts pa ln bk" ----------(1)
"Company having great knowledge" is coded as "bk cq fz dj" ----------(3)
"Knowledge are happy time" is coded as "cq ze pa hv" ----------(4)
The code for 'Time' = pa
The code for 'Knowledge' = cq
In statement (1)  - 
"About having good time" is coded as "ts pa ln bk" ----------(1)
The code for 'About' = ts
In statement (2)  - 
"Long road good company" is coded as "ln fz ow mx" ----------(2)
The code for 'Long' / 'Road' = ow / mx
In statement (3)  - 
"Company having great knowledge" is coded as "bk cq fz dj" ----------(3)
The code for 'Great' = dj
In statement (4)  - 
"Knowledge are happy time" is coded as "cq ze pa hv" ----------(4)
The code for 'Are' / 'Happy' = ze / hv
| Good | ln | 
| Having | bk | 
| Company | fz | 
| Time | pa | 
| Knowledge | cq | 
| About | ts | 
| Great | dj | 
| Long / Road | ow / mx | 
| Are / Happy | ze / hv | 
'Time are Good' correspond to the code 'ln pa ze'.