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Soal 1

2-Jan Investment in S
Capital stock
Add. PIC
Investment expense
Add.PIC
Cash
Current assets
Land
Building-net
Equipment-net
Goodwill
Current liabilities
Investment in S

Soal 2
2-Jan Investment in S
Capital stock
Add. PIC
Cash
Investment expense
Add.PIC
Cash
Cash
AR-net
NR-net
Inventory
Other current assets
Land
Building-net
Equipment-net
Goodwill
AP
MP
Investment in S

600,000
300,000
300,000
25,000
15,000
40,000
100,000
100,000
100,000
240,000
120,000
60,000
600,000

3,500,000
2,000,000
1,000,000
500,000
100,000
50,000
150,000
240,000
360,000
300,000
500,000
200,000
200,000
1,200,000
600,000
900,000
300,000
700,000
3,500,000

P
Trial Balance
January 2, 2011
Current assets
Land
Building-net
Equipment-net
Goodwill
Total assets
Current liabilities
Capital stock
Add. PIC
RE
Total liabilities + equities

190,000
150,000
400,000
460,000
120,000
1,320,000
110,000
800,000
335,000
75,000
1,320,000

P
Trial Balance
January 2, 2011
Cash
AR-net
NR-net
Inventory
Other current assets
Land
Building-net
Equipment-net
Goodwill
Total assets
AP
MP
Capital stock
Add. PIC
RE
Total liabilities + equities

2,590,000
1,660,000
1,800,000
3,000,000
900,000
2,200,000
10,200,000
10,600,000
900,000
33,850,000
1,300,000
5,700,000
12,000,000
8,950,000
5,900,000
33,850,000

Soal 1
Cost
BV

Inventory
Land
Building
Equipment
Goodwill

Soal 2
Cost
BV, beginning
Income, march 30
Dividend, march 15
Ownership
Goodwill

440,000
400,000
40,000

320,000
400,000
(80,000)

40,000
80,000
(80,000)
40,000
(40,000)
40,000

40,000
80,000
(80,000)
40,000
(160,000)
(80,000)

383,000
1,000,000
40,000
(20,000)

1-Jan Investment in S
Investment Expense
Add. PIC

1-Apr Investment in S
15-Jun Cash

306,000
77,000

15-Sep Cash
15-Dec Cash

Goodwill
Income from S
Investment in S

77,000
36,000
401,000

Soal 3
Cost
BV

31-Dec Investment in S

2,240,000
1,560,000
680,000

Inventory
Land
Buildings
Equipment
BP
Goodwill

80,000
320,000
200,000 10 years
(280,000) 7 years
(40,000) 5 years
400,000
680,000

Income from S
Investment in S

428,000
2,428,000

1-Jan Investment in S
31-Dec Income from S
Income from S
Investment in S
Investment in S
Investment in S
Cash

Soal 4
2009
Cost
BV

1-Jul Investment in S
48,750
45,000

1-Nov Cash

Patent

3,750
1-Jan Investment in S
2010

Cost
BV
Patent

99,000
135,000
(36,000)
2009

Income from S
Investment in S

RE
1-May Cash

48,750
2010

Income from S
Investment in S

Investment in S

1-Nov Cash
31-Dec Investment in S

27,000
162,000

Investment in S
Capital stock
Investment Expense
Add. PIC
Cash

440,000

Investment in S
Capital stock

383,000

320,000
440,000

40,000
10,000

40,000
10,000
50,000

383,000
6,000

Investment in S

6,000
6,000

Investment in S

6,000
6,000

Investment in S
Investment in S
Income from S

Investment in S
Cash
Income from S
Investment in S
Income from S
Investment in S
Investment in S
Income from S
Investment in S
Income from S
Investment in S
Income from S

6,000
36,000
36,000

2,240,000
2,240,000
80,000
80,000
20,000
20,000
40,000
40,000
8,000
8,000
480,000
480,000
240,000

Investment in S

Investment in S
Cash

240,000

48,750
48,750
2,250

320,000

50,000

Dividend Income
Investment in S
Cash
Investment in S
RE

2,250
99,000
99,000
3,000
3,000
2,250

Investment in S

2,250
6,750

Investment in S

6,750
6,750

Investment in S
Investment in S
Income from S

6,750
27,000
27,000

Soal 1
FV
BV

inventory
fixed assets
goodwill

3,125,000
2,400,000
725,000

10%
40%
50%

Income Statement
Sales
Dividend Income
Expenses (inc. COGS)

72,500
290,000
362,500
725,000 NCI expense

80,000
(14,500)
(7,250)
58,250

NCI expense
Net income
RE, beginning
Dividends
RE, ending

Balance Sheet
Other Assets-net
inventory is used therefore increase COGS
amortization of fixed assets decreases net valu
Investment in S
Goodwill
Unamortized excess
Capital stock, $10 par
Add. PIC
RE, ending
NCI, beginning
NCI, ending

Soal 2
FV
BV

Inventory
Buildings
Equipment
Patent

800,000
600,000
200,000

10%
20%
30%
40%

20,000
40,000
60,000
80,000
200,000

10 years
5 years
10 years
NCI expense

25,000
(5,000)
(1,000)
(3,000)
(2,000)
14,000

Income Statement
Sales
Dividend income
Gain on sale of equipment
COGS
Depreciation expense
Other expenses
NCI expense
Net income
RE, beginning
Dividends

RE, ending
Balance Sheet
Cash
AR-net
Dividend receivable
Inventories
Other current assets
Land
Building
Equipment
Investment in S
Unamortized excess
Patent
Account Payable
Dividend payable
Other liabilities
Capital stock
RE, ending
NCI, beginning
NCI, ending

4,000,000
160,000
3,180,000

1,000,000

Adjustment & Elimination


Dr
Cr

Consolidated
Statements

Dividend Income
NCI expense

980,000
2,020,000
500,000
2,500,000

600,000

400,000
800,000
200,000

5,000,000
3,888,750

160,000
72,500
36,250
58,250
800,000
160,000
40,000

1,000,000

58,250
1,053,000
2,020,000
500,000
2,573,000

Capital stock
Add. PIC
RE, beginning
Unamortized excess

Inventory
Fixed assets
Goodwill
COGS

3,850,000 2,600,000
therefore increase COGS
xed assets decreases net value
2,500,000

290,000
72,500

362,500
725,000
6,350,000
3,000,000
850,000
2,500,000

2,600,000
1,000,000
600,000
1,000,000

6,703,750
72,500
36,250
2,500,000
725,000

1,000,000
600,000
625,000
18,250

6,350,000

2,600,000

Adjustment & Elimination


Dr
Cr

Expenses

362,500
7,066,250
3,000,000
850,000
2,573,000
643,250
7,066,250

Consolidated
Statements

Dividend income
NCI expense

800,000
37,500
10,000
300,000
155,000

700,000

160,000

140,000

232,500
397,500
200,000

1,500,000
10,000
720,000

37,500
400,000
60,000

100,000
100,000
50,000

20,000
4,000
12,000
8,000
14,000

231,000
308,000
14,000
237,000
397,500

100,000
37,500

Capital stock
RE, beginning
Unamortized excess

Inventory
Buildings
Equipment
Patent

12,500
430,000

150,000

85,000
100,000
15,000
150,000
70,000
50,000
140,000
570,000
600,000

60,000
70,000
100,000
30,000
100,000
160,000
330,000

20,000

40,000
60,000
200,000
80,000

1,780,000
200,000
100,000
50,000
1,000,000
380,000

850,000
85,000
20,000
95,000
500,000
150,000

10,000
15,000
20,000

4,000
12,000
600,000
200,000
8,000

10,000
15,000
500,000
200,000
1,500

1,730,000

850,000

200,000
434,500
145,000
160,000
250,000
100,000
150,000
336,000
948,000
72,000
2,161,000
275,000
105,000
145,000
1,000,000
434,500
201,500
2,161,000

COGS
Depreciation expense
Depreciation expense

Other expense (amortizatio


AP
Dividend payable

Dividend Income
Dividends
NCI expense
Dividends
NCI, ending
Capital stock
Add. PIC
RE, beginning
Unamortized excess
Investment in S
NCI, beginning
Inventory
Fixed assets
Goodwill
Unamortized excess

160,000
160,000
58,250
40,000
18,250
1,000,000
600,000
800,000
725,000
2,500,000
625,000
72,500
290,000
362,500
725,000
72,500

Inventory
Expenses
Acc.dep-fixed assets

Dividend income
Dividend
NCI expense
Dividend
NCI, ending
Capital stock
RE, beginning
Unamortized excess
Investment in S
NCI, beginning
Inventory
Buildings
Equipment

72,500
36,250
36,250

37,500
37,500
14,000
12,500
1,500
500,000
100,000
200,000
600,000
200,000
20,000
40,000
60,000
80,000

Unamortized excess

200,000
20,000

Inventory
Depreciation expense
Acc.dep-bulding
Depreciation expense
Acc.dep-equipment
Other expense (amortization)
Patent

20,000
4,000
4,000
12,000
12,000
8,000
8,000
10,000

AR
Dividend payable
Dividend receivable

10,000
15,000
15,000

Soal 1
P

S
2009

Inventory
AP
AR
Sales
COGS
Inventory

30,000
30,000
36,000
36,000

Inventory
AP

36,000

AR

32,400

36,000

30,000
30,000
Sales

32,400

COGS

27,000
Inventory

Sales

27,000

36,000
COGS

36,000

COGS

1,500
Inventory

1,500
2010
AR

10,800
Sales

10,800

COGS

9,000
Inventory

RE

9,000

1,500
COGS

1,500

Soal 2
P

S
2009

Inventory
AP
AR
Sales
COGS
Inventory

30,000
30,000
36,000
36,000

Inventory
AP

36,000

AR

32,400

36,000

30,000
30,000
Sales
COGS

32,400
27,000

Inventory
Sales

27,000

36,000
COGS

COGS

36,000
1,500

Inventory

1,500
2010
AR

10,800
Sales

COGS

10,800
9,000

Inventory

9,000

RE
NCI

1,350
150
COGS

1,500

Soal 3
Sales

100,000
COGS

RE
NCI

3,000
2,000
COGS

COGS

Sales
COGS

900,000
400,000

350,000
250,000

Operating exp.
NCI expense
Net income

250,000

50,000

250,000

50,000

5,000
10,000

Inventory

100,000

10,000

Adjustment & Elimination


Dr
Cr
100,000
10,000
100,000
5,000
38,000

Consolidated
Statements
1,150,000
555,000
300,000
38,000
257,000