Solution P6-1

1 Income from Sear - 2004

Equity in Spear's income ($100,000 x 90%) $90,000
Add: Deferred inventory profit from 2003 ($40,000 x 50%) 20,000
Less: Unrealized inventory profit from 2004 ($60,000 x 40%) (24,000)
Less: Intercompany profit on equipment ($100,000 - $60,000) (40,000)
Add: Piecemeal recognition of profit on equipment
$40,000/4 years 10,000

Income from Spear (corrected amount) $ 56,000




2 Pearl Corporation and Subsidiary
Consolidated Income Statement
for the year ended December 31, 2004

Sales [$1,600,000 combined - $150,000 intercompany] $1,450,000

Cost of sales [$1,000,000 combined - $150,000 inter-
company + $24,000 ending inventory profits - $20,000
beginning inventory profits] 854,000

Gross profit 596,000

Other expenses [$300,000 combined - $10,000 piecemeal
recognition of profit on equipment] 290,000
Minority Expense 10,000
Consolidated net income $ 296,000


Check:
Separate income of Pearl $240,000
Add: Income from Sear 56,000
Consolidated net income $296,000


Solution P6-2


Preliminary computations

Computation of income from Sim:
Share of Sim's reported income ($40,000 x .9) $36,000
Less: Depreciation on excess allocated to
buildings ($20,000/5 years) (4,000)
Add: Realization of deferred profits in
beginning inventory 5,000
Less: Unrealized profits in ending inventory (4,000)
Less: Unrealized profit on intercompany sale
of equipment ($30,000 - $21,000) (9,000)
Add: Piecemeal recognition of deferred profit
in equipment ($9,000/3 years) 3,000
Income from Sim $27,000

Consolidation working paper entries

a Cash $ 2,000
Accounts receivable $ 2,000

To record cash in transit from Sim on account.

b Sales $ 20,000
Cost of sales $ 20,000

To eliminate intercompany purchases and sales.

c Investment in Sim $ 5,000
Cost of sales $ 5,000

To recognize previously deferred profit from beginning inventory.

d Cost of sales $ 4,000
Inventory $ 4,000

To defer unrealized profit from ending inventory.

e Investment in Sim $ 3,000
Land $ 3,000

To reduce land to its cost basis and adjust the investment
account to establish reciprocity with Sim's beginning of the
period equity accounts.

f Gain on sale of equipment $ 9,000
Equipment-net $ 9,000

To eliminate gain on intercompany sale of equipment and reduce
equipment to a cost basis.


Solution P6-2 (continued)

g Equipment-net $ 3,000
Operating expenses $ 3,000

To eliminate current year's depreciation of unrealized gain.

h Income from Sim $ 27,000
Dividends-Sim $ 18,000
Investment in Sim 9,000

To eliminate income and dividends from Sim and return investment
account to its beginning of the period balance.

i Retained earnings-Sim $ 70,000
Capital stock-Sim 50,000
Buildings-net 16,000
Goodwill 20,000
Investment in Sim $144,000
Minority interest-January 1 12,000

To eliminate reciprocal investment and equity amounts, establish
beginning minority interest, and enter beginning of the period
cost-book value differentials.

j Minority Interest Expense $ 4,000
Dividends-Sim $2,000
Minority Interest 2,000
To record minority interest share of subsidiary income and
dividends.

k Operating expenses $ 4,000
Buildings-net $ 4,000

To record depreciation on excess allocated to buildings.

l Dividends payable $ 9,000
Dividends receivable $ 9,000

To eliminate reciprocal receivables and payables.




Solution P6-2 (continued)

Pal Corporation and Subsidiary
Consolidation Working Papers
for the year ended December 31, 2008

| | | Adjustments and |Consolidated
| Pal | Sim 90% | Eliminations | Statements
| | | |
Income Statement | | | |
Sales |$300,000 |$100,000 |b 20,000 | $380,000
Income from Sim | 27,000 | |h 27,000 |
Gain on equipment | 9,000 | |f 9,000 |
Cost of sales | 140,000*| 50,000*|d 4,000 b 20,000|
| | | c 5,000| 169,000*
Operating expenses | 60,000*| 10,000*| g 3,000| 71,000*
| | |k 4,000 |
Minority expense | | |j 4,000 | 4,000*
Net income |$136,000 |$ 40,000 | | $136,000
| | | |
Retained Earnings | | | |
Retained earnings-Pal|$148,000 | | | $148,000
Retained earnings-Sim| |$ 70,000 |i 70,000 |
Net income | 136,000| 40,000| | 136,000
Dividends | 60,000*| 20,000*| h 18,000|
j 2,000| 60,000*
Retained earnings | | | |
December 31, 2008 |$224,000 |$ 90,000 | | $224,000
| | | |
Balance Sheet | | | |
Cash |$100,000 |$ 17,000 |a 2,000 | $119,000
Accounts receivable | 90,000 | 50,000 | a 2,000| 138,000
Dividends receivable | 9,000 | | l 9,000|
Inventories | 20,000 | 8,000 | d 4,000| 24,000
Land | 40,000 | 15,000 | e 3,000| 52,000
Buildings-net | 135,000 | 50,000 |i 16,000 k 4,000| 197,000
Equipment-net | 165,000 | 60,000 |g 3,000 f 9,000| 219,000
Investment in Sim | 145,000 | |c 5,000 h 9,000|
| | |e 3,000 i 144,000|
Goodwill | | |i 20,000 | 20,000
|$704,000 |$200,000 | | $769,000
| | | |
Accounts payable |$ 98,000 |$ 30,000 | | $128,000
Dividends payable | 15,000 | 10,000 |l 9,000 | 16,000
Other liabilities | 67,000 | 20,000 | | 87,000
Capital stock | 300,000 | 50,000 |i 50,000 | 300,000
Retained earnings | 224,000| 90,000| | 224,000
|$704,000 |$200,000 | |
| |
Minority interest January 1, 2008 | i 12,000|
Minority interest December 31, 2008 | j 2,000| 14,000
| | $769,000
| |
*Deduct







Solution P6-3

Preliminary computations

Cost January 1, 2003 $236,000
Add: Income from Stor for 2003
Equity in income ($40,000 x 90%) $36,000
Less: Unrealized inventory profit (10,000)
Less: Unrealized profit on machinery
(selling price $35,000 - book value $28,000) (7,000)
Add: Piecemeal recognition of profit on
machinery ($7,000/3.5 years x .5 year) 1,000
Income from Stor for 2003 20,000
Less: Dividends $10,000 x 90% (9,000)

Investment balance January 1, 2004 247,000
Add: Income from Stor for 2004
Equity in income ($50,000 x 90%) $45,000
Add: Unrealized profit in beginning inventory 10,000
Less: Unrealized profit in ending inventory (12,000)
Add: Piecemeal recognition of profit on
machinery ($7,000/3.5 years) 2,000
Less: Gain on sale of land (5,000)
Income from Stor for 2004 40,000
Less: Dividends ($20,000 x 90%) (18,000)

Investment balance December 31, 2004 $269,000

Solution P6-3 (continued)

Pall Corporation and Subsidiary
Consolidation Working Papers
for the Year Ended December 31, 2004
_____________________________________________________________________________
| | | Adjustments and |Consolidated
| Pall | Stor 90%| Eliminations | Statements
| | | |
Income Statement | | | |
Sales |$ 450,000 |$190,000 |a 72,000 |$ 568,000
Income from Stor | 40,000 | |f 40,000 |
Gain on land | 5,000 | |e 5,000 |
Cost of sales | (200,000)|(100,000)|c 12,000 a 72,000|
| | | b 10,000| (230,000)
Operating expense | (113,000)| (40,000)| d 2,000| (151,000)
Minority expense | | |h 5,000 | (5,000)
Net income |$ 182,000 |$ 50,000 | |$ 182,000
| | | |
Retained Earnings | | | |
Retained earnings-Pall|$ 202,000 | | |$ 202,000
Retained earnings-Stor| |$120,000 |g 120,000 |
Net income | 182,000 | 50,000 | | 182,000
Dividends | (150,000)| (20,000)| f 18,000|
h 2,000| (150,000)
Retained earnings | | | |
December 31, 2004 |$ 234,000 |$150,000 | |$ 234,000
| | | |
Balance Sheet | | | |
Cash |$ 167,000 |$ 14,000 | |$ 181,000
Accounts receivable | 180,000 | 100,000 | i 10,000| 270,000
Dividends receivable | 18,000 | | j 18,000|
Inventories | 60,000 | 36,000 | c 12,000| 84,000
Land | 100,000 | 30,000 | e 5,000| 125,000
Buildings-net | 280,000 | 80,000 | | 360,000
Machinery-net | 330,000 | 140,000 | d 4,000| 466,000
Investment in Stor | 269,000 | |b 10,000 f 22,000|
| | |d 6,000 g 263,000|
Goodwill | | |g 20,000 | 20,000
Total assets |$1,404,000 |$400,000 | |$1,506,000
| | | |
Accounts payable |$ 200,000 |$ 50,000 |i 10,000 |$ 240,000
Dividends payable | 30,000 | 20,000 |j 18,000 | 32,000
Other liabilities | 140,000 | 30,000 | | 170,000
Capital stock | 800,000 | 150,000 |g 150,000 | 800,000
Retained earnings | 234,000 | 150,000 | | 234,000
Total equities |$1,404,000 |$400,000 | |
Minority interest January 1, 2004 | g 27,000|
Minority interest December 31, 2004 | h 3,000| 30,000
| |$1,506,000
| |
| |




Solution P6-4

Parch Corporation and Subsidiary
Consolidation Working Papers
for the year ended December 31, 2003

| | | Adjustments and |Consolidated
| Parch | Sarg 90%| Eliminations | Statements
| | | | |
Income Statement | | | | |
Sales |$ 700,000 |$500,000 |a 50,000| | $1,150,000
Income from Sarg | 70,000 | |e 70,000| |
Gain on land | | 10,000|c 10,000| |
Gain on equipment | 20,000 | |d 20,000| |
Cost of sales | 300,000*| 300,000*|b 5,000|a 50,000| 555,000*
Depreciation expense | 90,000*| 35,000*| |d 5,000| 120,000*
Other expenses | 200,000*| 65,000*| | | 265,000*
Minority expense | | |h 10,000 | | 10,000*
Net income |$ 200,000 |$110,000 | | | $ 200,000
| | | | |
Retained Earnings | | | | |
Retained earnings- | | | | |
Parch |$ 600,000 | | | | $ 600,000
Retained earnings-Sarg| |$200,000 |f 200,000| |
Net income | 200,000| 110,000| | | 200,000
Dividends | 100,000*| 50,000*| |e 45,000|
|h 5,000| 100,000*
Retained earnings | | | | |
December 31, 2003 |$ 700,000 |$260,000 | | | $ 700,000
| | | | |
Balance Sheet | | | | |
Cash |$ 345,000 |$ 30,000 | | | $ 65,000
Accounts receivable | 90,000 | 110,000 | |g 10,000| 190,000
Inventories | 100,000 | 80,000 | |b 5,000| 175,000
Other current items | 70,000 | 40,000 | | | 110,000
Land | 50,000 | 70,000 | |c 10,000| 110,000
Buildings-net | 200,000 | 150,000 | | | 350,000
Equipment-net | 500,000 | 400,000 | |d 15,000| 885,000
Investment in Sarg | 6545,000 | | |e 25,000|
| | | |f 630,000|
|$1,700,000 |$880,000 | | | $1,885,000
| | | | |
Accounts payable |$ 160,000 |$ 50,000 |g 10,000| | $ 200,000
Other liabilities | 340,000 | 70,000 | | | 410,000
Capital stock | 500,000 | 500,000 |f 500,000| | 500,000
Retained earnings | 700,000| 260,000| | | 700,000
|$1,700,000 |$880,000 | | |
| | |
Minority interest January 1, 2003 | |f 70,000|
Minority interest December 31,2003 | |h 5,000| 75,000
| | | $1,885,000
| | |
*Deduct


Solution P6-5

Preliminary computations

Computation of income from Sim:
Share of Sim's reported income ($40,000 x 90%) $36,000
Less: Patent amortization ($20,000/10 years) (2,000)
Less: Depreciation on excess allocated to
buildings ($20,000/5 years) (4,000)
Add: Realization of deferred profits in
beginning inventory 5,000
Less: Unrealized profits in ending inventory (4,000)
Less: Unrealized profit on intercompany sale
of equipment ($30,000 - $21,000) (9,000)
Add: Piecemeal recognition of deferred profit
in equipment ($9,000/3 years) 3,000
Income from Sim $25,000

Consolidation working paper entries

a Cash $ 2,000
Accounts receivable $ 2,000

To record cash in transit from Sim on account.

b Sales $ 20,000
Cost of sales $ 20,000

To eliminate intercompany purchases and sales.

c Investment in Sim $ 5,000
Cost of sales $ 5,000

To recognize previously deferred profit from beginning inventory.

d Cost of sales $ 4,000
Inventory $ 4,000

To defer unrealized profit from ending inventory.

e Investment in Sim $ 3,000
Land $ 3,000

To reduce land to its cost basis and adjust the investment
account to establish reciprocity with Sim's beginning of the
period equity accounts.

f Gain on sale of equipment $ 9,000
Equipment-net $ 9,000

To eliminate gain on intercompany sale of equipment and reduce
equipment to a cost basis.


g Equipment-net $ 3,000
Operating expenses $ 3,000

To eliminate current year's depreciation of unrealized gain.


Solution P6-5 (continued)

h Income from Sim $ 25,000
Dividends-Sim $ 18,000
Investment in Sim 7,000

To eliminate income and dividends from Sim and return investment
account to its beginning of the period balance.

i Retained earnings-Sim $ 70,000
Capital stock-Sim 50,000
Buildings-net 16,000
Patents 18,000
Investment in Sim $142,000
Minority interest-January 1 12,000

To eliminate reciprocal investment and equity amounts, establish
beginning minority interest, and enter beginning of the period
cost-book value differentials.

j Operating expenses $ 2,000
Patents $ 2,000

To record current year's amortization.

k Operating expenses $ 4,000
Buildings-net $ 4,000

To record depreciation on excess allocated to buildings.

l Dividends payable $ 9,000
Dividends receivable $ 9,000

To eliminate reciprocal receivables and payables.

m Minority Interest Expense $ 4,000
Dividends-Sim $ 2,000
Minority Interest 2,000


To enter minority interest share of subsidiary income and dividends













SOLUTIONS TO PROBLEMS

Solution P9-1

Pida Corporation and Subsidiaries
Schedule to Compute Consolidated Net Income and Minority Interest Income
for the year 2008

Pida Staley Axel Bean
Separate income (loss) $500,000 $300,000 $150,000 $(20,000)
Less: Unrealized profit (20,000)
Separate realized income (loss) 500,000 300,000 130,000 (20,000)
Allocate Bean's loss
70% to Staley (14,000) 14,000
Allocate Axel's income
60% to Staley 78,000 (78,000)
Patent (14,000)
350,000
Allocate Staley's income
90% to Pida 315,000 (315,000)
Patent (40,000)
Consolidated net income $775,000
Minority interest income $ 35,000$ 52,000$ (6,000)

Check:

Income allocated: $775,000 consolidated net income + $35,000 minority
interest expense in Staley + $52,000 minority interest expense in Axel -
$6,000 minority interest loss in Bean = $856,000

Income to allocate: $500,000 Pida income + $300,000 Staley income + $130,000
realized income of Axel - $20,000 loss of Bean - $54,000 patent = $856,000

Consolidated net income: $500,000 - $40,000 + 90%($300,000 - $14,000) + (90%
x 60% x $130,000) - (90% x 70% x $20,000) = $775,000



Solution P9-2

1 Seaton's books

Investment in Thayer (70%) $150,000
Assets $150,000
To record purchase of a 70% interest in
Thayer Corporation.

Cash $ 7,000
Investment in Thayer (70%) $ 7,000
To record dividends received from Thayer
($10,000 x 70%).

Investment in Thayer (70%) $ 16,500
Income from Thayer $ 16,500
To record investment income computed as
follows:
Share of Thayer's net income ($30,000 x 70%) $21,000
Less: Unrealized profit from upstream sale of
inventory items ($5,000 x 70%)
(3,500)
Less: Patent amortization [$150,000 -
($200,000 x 70%)]/10 years (1,000)
$16,500


Posey's books

Cash $ 24,000
Investment in Seaton (80%) $ 24,000
To record dividends received from Seaton
($30,000 x 80%).

Investment in Seaton (80%) $ 43,200
Income from Seaton $ 43,200
To record investment income computed as
follows:
Share of Thayer's net income
($50,000 + $16,500) x 80% $53,200
Less: Unrealized gain on land sold to Thayer (10,000)
$43,200


Solution P9-2 (continued)

2 Schedule of income allocation
Posey Seaton Thayer

Separate earnings $150,000 $ 50,000 $ 30,000
Less: Unrealized profits (10,000) (5,000)

Separate realized earnings 140,000 50,000 25,000
Allocate Thayer's realized earnings
to Seaton ($25,000 x 70%) 17,500
(17,500)
Deduct: Patent amortization (1,000)

Seaton's net income 66,500
Allocate Seaton's net income to
Posey ($66,500 x 80%) 53,200 (53,200)

Posey's net income and
consolidated net income $193,200
Minority interest expense $ 13,300 $ 7,500


Check: Realized earnings ($140,000 + $50,000 + $25,000) $215,000
Less: Patent amortization
(1,000)
Less: Minority interest expense (20,800)
Consolidated net income $193,200




3 Schedule of assets and equities at December 31, 2004

Posey Seaton Thayer

Assets $ 924,000 $227,000 $270,000
Investment in Seaton (80%) 219,200
Investment in Thayer (70%) 159,500
Total assets $1,143,200 $386,500 $270,000

Liabilities $ 150,000 $100,000 $ 50,000
Capital stock 600,000 200,000 150,000
Retained earnings 393,200 86,500 70,000
Total liabilities and equity $1,143,200 $386,500 $270,000


Note: Posey's assets other than investments consist of $800,000 assets at
the beginning of the year, plus separate earnings of $150,000 and dividend
income of $24,000, less dividends paid of $50,000.
Seaton's assets other than investments consist of $350,000 assets at
the beginning of the period, plus separate earnings of $50,000 and dividend
income of $7,000, less investment cost of $150,000 and dividends paid of
$30,000.

Solution P9-4

1 Affiliation diagram Parish
80% 50%
20%
Swift Tolbert
10%

2 Income allocation

Definitions
P = Parish's income on a consolidated basis
S = Swift's income on a consolidated basis
T = Tolbert's income on a consolidated basis

Equations
P = $200,000 + .8S + .5T
S = $100,000 + .2T
T = $50,000 + .1S

Solve for S
S = $100,000 + .2($50,000 + .1S)
S = $110,000 + .02S
.98S = $110,000
S = $112,244.90 or $112,245

Compute T
T = $50,000 + .1($112,244.90)
T = $50,000 + $11,224.49
T = $61,224.49 or $61,224

Compute P
P = $200,000 + .8($112,244.90) + .5($61,224.49)
P = $320,408.16 or $320,408

Income allocation
Consolidated net income = P = $320,408
Minority interest expense in Swift ($112,245 x .1) 11,225
Minority interest expense in Tolbert ($61,224 x .3) 18,367
$350,000


Solution P9-4 (continued)

3 P, S, and T are as defined in part 2.

Equation
P = ($200,000 - $20,000) + .8S + .5T
S = $100,000 + .2T
T = ($50,000 - $10,000) + .1S

Solve for S
S = $100,000 + .2($40,000 + .1S)
S = $108,000 + .02S
S = $110,204.08

Compute T
T = $40,000 + .1($110,204.08)
T = $51,020.41

Compute P
P = $180,000 + .8($110,204) + .5($51,020.41)
P = $293,673.48

Income allocation
Consolidated net income = P = $293,673.48
Minority interest expense in Swift ($110,204.08 x 10%) 11,020.40
Minority interest expense in Tolbert ($51,020.41 x 30%) 15,306.12
$320,000.00





























Solusi P6-1

1 Pendapatan dari Sear - 2004

Bagian laba Spear itu ($ 100,000 x 90%) $ 90.000
Add: Laba persediaan tangguhan dari tahun 2003 ($ 40.000 x 50%) 20.000
Dikurangi: laba yang belum direalisasi persediaan dari tahun 2004 ($ 60.000 x
40%) (24.000)
Dikurangi: Laba antar pada peralatan ($ 100,000 - $ 60,000) (40,000)
Tambahkan: Pengakuan Sedikit demi sedikit keuntungan pada peralatan
$ 40,000 / 4 tahun 10.000

Pendapatan dari Spear (jumlah dikoreksi) $ 56.000




2 Pearl Corporation dan Anak Perusahaan
Laporan Laba Rugi Konsolidasian
untuk tahun yang berakhir 31 Desember 2004

Penjualan [$ 1.600.000 dikombinasikan - $ 150,000 antar] $ 1.450.000

Beban pokok penjualan [$ 1.000.000 dikombinasikan - $ 150,000 inter-
perusahaan + $ 24.000 mengakhiri keuntungan persediaan - $ 20,000
mulai keuntungan persediaan] 854000

Laba kotor 596,000

Beban lain-lain [$ 300.000 dikombinasikan - $ 10.000 sedikit demi sedikit
pengakuan keuntungan pada peralatan] 290.000
Beban minoritas 10.000
Laba bersih $ 296.000 konsolidasi


Periksa:
Pendapatan yang terpisah dari Pearl $ 240.000
Tambahkan: Pendapatan dari Sear 56.000
Laba bersih $ 296.000 konsolidasi


Solusi P6-2


Perhitungan awal

Perhitungan pendapatan dari Sim:
Bagian dari pendapatan yang dilaporkan Sim ($ 40.000 x 0,9) $ 36.000
Dikurangi: Penyusutan kelebihan dialokasikan untuk
bangunan ($ 20.000 / 5 tahun) (4.000)
Tambahkan: Realisasi laba ditangguhkan di
persediaan awal 5.000
Dikurangi: laba yang belum direalisasi dalam persediaan akhir (4.000)
Dikurangi: laba yang belum direalisasi atas penjualan antar perusahaan
peralatan ($ 30,000 - $ 21,000) (9,000)
Tambahkan: Pengakuan Sedikit demi sedikit keuntungan tangguhan
dalam peralatan ($ 9.000 / 3 tahun) 3.000
Pendapatan dari Sim $ 27.000

Konsolidasi kerja entri kertas

Kas $ 2.000
Piutang $ 2.000

Untuk merekam setoran dalam perjalanan dari Sim pada account.

b Penjualan $ 20.000
Beban pokok penjualan $ 20.000

Untuk menghilangkan pembelian antar perusahaan dan penjualan.

c Investasi di Sim $ 5.000
Beban pokok penjualan $ 5000

Untuk mengenali keuntungan sebelumnya ditangguhkan dari persediaan awal.

d Biaya penjualan $ 4000
Persediaan $ 4.000

Untuk menunda keuntungan yang belum direalisasi dari persediaan akhir.

e Investasi di Sim $ 3.000
Tanah $ 3,000

Untuk mengurangi lahan untuk basis biaya dan menyesuaikan akun investasi
untuk membangun hubungan timbal balik dengan awal Sim akun ekuitas periode.

f Keuntungan penjualan peralatan $ 9.000
Peralatan-net $ 9,000

Untuk menghilangkan keuntungan penjualan antar peralatan dan peralatan untuk
mengurangi biaya dasar.



Solusi P6-2 (lanjutan)

g Peralatan-net $ 3,000
Beban operasional $ 3.000

Untuk menghilangkan penyusutan tahun berjalan belum direalisasi.

Pendapatan h dari Sim $ 27.000
Dividen-Sim $ 18.000
Investasi di Sim 9.000

Untuk menghilangkan pendapatan dan dividen dari Sim dan mengembalikan akun
investasi untuk awal dari saldo periode.

i Saldo laba-Sim $ 70.000
Modal saham-Sim 50.000
Bangunan-net 16.000
Goodwill 20.000
Investasi di Sim $ 144.000
Hak minoritas-1 Januari 12.000

Untuk menghilangkan jumlah investasi dan ekuitas timbal balik, membangun
mulai minoritas, dan masuk awal perbedaan periode nilai biaya-book.

j Minoritas Beban Bunga $ 4.000
Dividen-Sim $ 2.000
Hak Minoritas 2.000
Untuk merekam saham minoritas pendapatan anak perusahaan dan dividen.

k Beban operasional $ 4.000
Bangunan-net $ 4,000

Untuk mencatat penyusutan pada kelebihan dialokasikan untuk bangunan.

Hutang l Dividen $ 9.000
Dividen piutang $ 9.000

Untuk menghilangkan Tagihan dan kewajiban timbal balik.




Solusi P6-2 (lanjutan)

Perusahaan Pal dan Anak
Konsolidasi Kertas Kerja
untuk tahun yang berakhir 31 Desember 2008

| | | Penyesuaian dan | Konsolidasi
| Pal | Sim 90% | Eliminasi | Laporan
| | | |
Laporan Laba Rugi | | | |
Penjualan | $ 300.000 | $ 100,000 | b 20.000 | $ 380.000
Pendapatan dari Sim | 27.000 | | h 27.000 |
Laba peralatan | 9.000 | | f 9.000 |
Beban pokok penjualan | 140.000 * | 50.000 * | d 4.000 b 20.000 |
| | | C 5.000 | 169.000 *
Beban usaha | 60.000 * | 10,000 * | g 3.000 | 71.000 *
| | | K 4.000 |
Beban minoritas | | | j 4.000 | 4.000 *
Laba bersih | $ 136.000 | $ 40,000 | | $ 136.000
| | | |
Saldo Laba | | | |
Saldo laba Pal | $ 148,000 | | | $ 148.000
Saldo laba Sim | | $ 70,000 | i 70.000 |

Dividen | 60.000 * | 20.000 * | h 18.000 |
j 2.000 | 60.000 *
Saldo laba | | | |
31 Desember 2008 | $ 224.000 | $ 90,000 | | $ 224.000
| | | |
Neraca | | | |
Kas | $ 100.000 | $ 17,000 | 2.000 | $ 119.000
Piutang | 90.000 | 50.000 | 2.000 | 138,000
Dividen piutang | 9.000 | | l 9,000 |
Persediaan | 20.000 | 8.000 | d 4.000 | 24.000
Tanah | 40.000 | 15.000 | e 3.000 | 52.000
Bangunan net | 135.000 | 50.000 | i 16.000 k 4.000 | 197.000
Peralatan net | 165.000 | 60.000 | g 3.000 f 9.000 | 219.000
Investasi di Sim | 145.000 | | c 5,000 h 9,000 |
| | | E 3.000 i 144.000 |
Goodwill | | | i 20.000 | 20.000
| $ 704.000 | $ 200,000 | | $ 769.000
| | | |
Hutang | $ 98,000 | $ 30,000 | | $ 128.000
Hutang dividen | 15.000 | 10.000 | l 9.000 | 16.000
Kewajiban lain-lain | 67.000 | 20.000 | | 87.000
Modal saham | 300.000 | 50.000 | i 50.000 | 300.000

| $ 704.000 | $ 200,000 | |
| |
Hak minoritas 1 Januari 2008 | i 12.000 |
Hak minoritas 31 Desember 2008 | j 2.000 | 14.000
| | $ 769.000
| |
* Dikurangi







Solusi P6-3

Perhitungan awal

Biaya 1 Januari 2003 $ 236.000
Tambahkan: Pendapatan dari Stor 2003
Bagian laba ($ 40.000 x 90%) $ 36.000
Dikurangi: laba yang belum direalisasi persediaan (10.000)
Dikurangi: laba yang belum direalisasi pada mesin
(Harga jual $ 35.000 - $ 28.000 nilai buku) (7.000)
Tambahkan: Pengakuan Sedikit demi sedikit keuntungan pada
mesin ($ 7,000 / 3,5 tahun x 0,5 tahun) 1.000
Pendapatan dari Stor untuk tahun 2003 20.000
Dikurangi: Dividen $ 10,000 x 90% (9.000)

Saldo investasi 1 Januari 2004 247.000
Tambahkan: Pendapatan dari Stor untuk tahun 2004
Bagian laba ($ 50.000 x 90%) $ 45.000
Add: Laba belum direalisasi dalam persediaan awal 10.000
Dikurangi: laba yang belum direalisasi dalam persediaan akhir (12,000)
Tambahkan: Pengakuan Sedikit demi sedikit keuntungan pada
mesin ($ 7,000 / 3,5 tahun) 2.000
Dikurangi: Laba atas penjualan tanah (5.000)
Pendapatan dari Stor untuk tahun 2004 40.000
Dikurangi: Dividen ($ 20.000 x 90%) (18.000)

Saldo investasi 31 Desember 2004 $ 269,000

Solusi P6-3 (lanjutan)

Pall Corporation dan Anak Perusahaan
Konsolidasi Kertas Kerja
untuk Tahun yang Berakhir 31 Desember 2004
_____________________________________________________________________________
| | | Penyesuaian dan | Konsolidasi
| Pall | Stor 90% | Eliminasi | Laporan
| | | |
Laporan Laba Rugi | | | |
Penjualan | $ 450.000 | $ 190,000 | 72.000 | $ 568.000
Pendapatan dari Stor | 40.000 | | f 40.000 |
Keuntungan di darat | 5.000 | | e 5.000 |
Beban pokok penjualan | (200.000) | (100.000) | c 12.000 72.000 |
| | | B 10,000 | (230.000)
Beban usaha | (113.000) | (40.000) | d 2.000 | (151.000)
Beban minoritas | | | h 5,000 | (5,000)
Laba bersih | $ 182.000 | $ 50,000 | | $ 182.000
| | | |
Saldo Laba | | | |
Saldo laba Pall | $ 202,000 | | | $ 202.000
Saldo laba Stor | | $ 120.000 | 120.000 g |
Laba bersih | 182.000 | 50.000 | | 182.000
Dividen | (150.000) | (20.000) | f 18.000 |
h 2.000 | (150.000)
Saldo laba | | | |
31 Desember 2004 | $ 234.000 | $ 150,000 | | $ 234.000
| | | |
Neraca | | | |
Kas | $ 167.000 | $ 14,000 | | $ 181.000
Piutang | 180.000 | 100.000 | i 10.000 | 270.000
Dividen piutang | 18.000 | | j 18.000 |
Persediaan | 60.000 | 36.000 | c 12.000 | 84.000
Tanah | 100.000 | 30.000 | e 5.000 | 125.000
Bangunan net | 280.000 | 80.000 | | 360.000
Mesin net | 330.000 | 140.000 | d 4.000 | 466000
Investasi di Stor | 269.000 | | b 10,000 f 22.000 |
| | | D 6.000 g 263,000 |
Goodwill | | | g 20.000 | 20.000
Jumlah aset | $ 1.404.000 | $ 400,000 | | $ 1.506.000
| | | |
Hutang | $ 200.000 | $ 50,000 | i 10.000 | $ 240.000
Hutang dividen | 30.000 | 20.000 | j 18.000 | 32.000
Kewajiban lain-lain | 140.000 | 30.000 | | 170.000
Modal saham | 800.000 | 150.000 | 150.000 g | 800.000
Saldo laba | 234.000 | 150.000 | | 234.000
Jumlah ekuitas | $ 1.404.000 | $ 400,000 | |
Hak minoritas 1 Januari 2004 | g 27.000 |
Hak minoritas 31 Desember 2004 | h 3.000 | 30.000
| | $ 1.506.000
| |
| |




Solusi P6-4

Layur Corporation dan Anak Perusahaan
Konsolidasi Kertas Kerja
untuk tahun yang berakhir 31 Desember 2003


| | | Penyesuaian dan | Konsolidasi
| Layur | Sarg 90% | Eliminasi | Laporan
| | | | |
Laporan Laba Rugi | | | | |
Penjualan | $ 700.000 | $ 500,000 | 50.000 | | $ 1.150.000
Pendapatan dari Sarg | 70.000 | | e 70.000 | |
Keuntungan di darat | | 10,000 | 10,000 c | |
Keuntungan pada peralatan | 20.000 | | d 20.000 | |
Beban pokok penjualan | 300.000 * | 300.000 * | b 5.000 | 50.000 | 555.000 *
Beban penyusutan | 90.000 * | 35.000 * | | d 5.000 | 120.000 *
Beban lain-lain | 200.000 * | 65.000 * | | | 265,000 *
Beban minoritas | | | h 10,000 | | 10,000 *
Laba bersih | $ 200.000 | $ 110,000 | | | $ 200.000
| | | | |
Saldo Laba | | | | |
Saldo laba | | | | |
Layur | $ 600,000 | | | | $ 600.000
Saldo laba Sarg | | $ 200,000 | f 200.000 | |

Dividen | 100.000 * | 50.000 * | | e 45.000 |
| H 5.000 | 100.000 *
Saldo laba | | | | |
31 Desember 2003 | $ 700.000 | $ 260,000 | | | $ 700.000
| | | | |
Neraca | | | | |
Kas | $ 345.000 | $ 30,000 | | | $ 65,000
Piutang | 90.000 | 110.000 | | g 10.000 | 190.000
Persediaan | 100.000 | 80.000 | | b 5.000 | 175.000
Item lancar lainnya | 70.000 | 40.000 | | | 110.000
Tanah | 50.000 | 70.000 | | c 10.000 | 110.000
Bangunan net | 200.000 | 150.000 | | | 350.000
Peralatan net | 500.000 | 400.000 | | d 15.000 | 885000
Investasi di Sarg | 6545.000 | | | e 25.000 |
| | | | F 630.000 |
| $ 1.700.000 | $ 880,000 | | | $ 1.885.000
| | | | |
Hutang | $ 160.000 | $ 50,000 | g 10,000 | | $ 200.000
Kewajiban lain-lain | 340.000 | 70.000 | | | 410,000
Modal saham | 500.000 | 500.000 | 500.000 f | | 500.000

| $ 1.700.000 | $ 880,000 | | |
| | |
Hak minoritas 1 Januari 2003 | | f 70.000 |
Hak minoritas Desember 31,2003 | | h 5.000 | 75.000
| | | $ 1.885.000
| | |
* Dikurangi


Solusi P6-5

Perhitungan awal

Perhitungan pendapatan dari Sim:
Bagian dari pendapatan yang dilaporkan Sim ($ 40.000 x 90%) $ 36.000
Dikurangi: amortisasi Paten ($ 20.000 / 10 tahun) (2.000)
Dikurangi: Penyusutan kelebihan dialokasikan untuk
bangunan ($ 20.000 / 5 tahun) (4.000)
Tambahkan: Realisasi laba ditangguhkan di
persediaan awal 5.000
Dikurangi: laba yang belum direalisasi dalam persediaan akhir (4.000)
Dikurangi: laba yang belum direalisasi atas penjualan antar perusahaan
peralatan ($ 30,000 - $ 21,000) (9,000)
Tambahkan: Pengakuan Sedikit demi sedikit keuntungan tangguhan
dalam peralatan ($ 9.000 / 3 tahun) 3.000
Pendapatan dari Sim $ 25.000

Konsolidasi kerja entri kertas

Kas $ 2.000
Piutang $ 2.000

Untuk merekam setoran dalam perjalanan dari Sim pada account.

b Penjualan $ 20.000
Beban pokok penjualan $ 20.000

Untuk menghilangkan pembelian antar perusahaan dan penjualan.

c Investasi di Sim $ 5.000
Beban pokok penjualan $ 5000

Untuk mengenali keuntungan sebelumnya ditangguhkan dari persediaan awal.

d Biaya penjualan $ 4000
Persediaan $ 4.000

Untuk menunda keuntungan yang belum direalisasi dari persediaan akhir.

e Investasi di Sim $ 3.000
Tanah $ 3,000

Untuk mengurangi lahan untuk basis biaya dan menyesuaikan akun investasi
untuk membangun hubungan timbal balik dengan awal Sim akun ekuitas periode.

f Keuntungan penjualan peralatan $ 9.000
Peralatan-net $ 9,000

Untuk menghilangkan keuntungan penjualan antar peralatan dan peralatan untuk
mengurangi biaya dasar.


g Peralatan-net $ 3,000
Beban operasional $ 3.000

Untuk menghilangkan penyusutan tahun berjalan belum direalisasi.


Solusi P6-5 (lanjutan)

Pendapatan h dari Sim $ 25.000
Dividen-Sim $ 18.000
Investasi di Sim 7.000

Untuk menghilangkan pendapatan dan dividen dari Sim dan mengembalikan akun
investasi untuk awal dari saldo periode.

i Saldo laba-Sim $ 70.000
Modal saham-Sim 50.000
Bangunan-net 16.000
Paten 18.000
Investasi di Sim $ 142.000
Hak minoritas-1 Januari 12.000

Untuk menghilangkan jumlah investasi dan ekuitas timbal balik, membangun
mulai minoritas, dan masuk awal perbedaan periode nilai biaya-book.

Beban usaha j $ 2,000
Paten $ 2.000

Untuk merekam amortisasi tahun berjalan.

k Beban operasional $ 4.000
Bangunan-net $ 4,000

Untuk mencatat penyusutan pada kelebihan dialokasikan untuk bangunan.

Hutang l Dividen $ 9.000
Dividen piutang $ 9.000

Untuk menghilangkan Tagihan dan kewajiban timbal balik.

m Minoritas Beban Bunga $ 4.000
Dividen-Sim $ 2.000
Hak Minoritas 2.000


Untuk memasukkan saham minoritas pendapatan anak perusahaan dan dividen













SOLUSI UNTUK MASALAH

Solusi P9-1

Pida Corporation dan Anak Perusahaan
Jadwal untuk Hitung Laba Bersih Konsolidasi dan Hak Minoritas Laba
untuk tahun 2008

Pida Staley Axel Bean
Pendapatan yang terpisah (rugi) $ 500.000 $ 300.000 $ 150.000 $ (20.000)
Dikurangi: laba yang belum direalisasi (20.000)
Realisasi pendapatan yang terpisah (rugi) 500.000 300.000 130.000 (20.000)
Mengalokasikan kerugian Bean
70% untuk Staley (14.000) 14.000
Mengalokasikan pendapatan Axel
60% untuk Staley 78.000 (78.000)
Paten (14.000)
350.000
Mengalokasikan pendapatan Staley
90% ke Pida 315.000 (315.000)
Paten (40.000)
Laba bersih $ 775.000 konsolidasi
Pendapatan hak minoritas $ 35,000 $ 52,000 $ (6,000)

Periksa:

Pendapatan yang dialokasikan: + $ 35.000 minoritas beban bunga $ 775,000 laba
bersih konsolidasi + $ 52.000 minoritas beban bunga Staley di Axel - $ 6.000
minoritas kehilangan minat dalam Bean = $ 856.000

Penghasilan untuk mengalokasikan: $ 500.000 Pida income + $ 300.000
pendapatan Staley + $ 130.000 pendapatan realisasi Axel - $ 20,000 hilangnya
Bean - $ 54.000 paten = $ 856.000

Laba bersih konsolidasi: $ 500.000 - $ 40.000 + 90% ($ 300.000 - $ 14.000) +
(90% x 60% x $ 130,000) - (90% x 70% x $ 20.000) = $ 775.000

Solusi P9-2

1 buku Seaton

Investasi di Thayer (70%) $ 150.000
Aset $ 150.000
Untuk merekam pembelian bunga 70% di
Thayer Corporation.

Kas $ 7.000
Investasi di Thayer (70%) $ 7.000
Untuk merekam dividen yang diterima dari Thayer
($ 10,000 x 70%).

Investasi di Thayer (70%) $ 16.500
Pendapatan dari Thayer $ 16.500
Untuk merekam pendapatan investasi dihitung sebagai
berikut:
Bagian laba bersih Thayer itu ($ 30,000 x 70%) $ 21.000
Dikurangi: laba yang belum direalisasi dari penjualan hulu
barang inventaris ($ 5.000 x 70%) (3.500)
Dikurangi: Paten amortisasi [$ 150.000 -
($ 200.000 x 70%)] / 10 tahun (1.000)
$ 16.500


Buku Posey

Kas $ 24.000
Investasi di Seaton (80%) $ 24.000
Untuk merekam dividen yang diterima dari Seaton
($ 30.000 x 80%).

Investasi di Seaton (80%) $ 43.200
Pendapatan dari Seaton $ 43.200
Untuk merekam pendapatan investasi dihitung sebagai
berikut:
Bagian laba Thayer ini
($ 50.000 + $ 16.500) x 80% $ 53.200
Dikurangi: Laba yang belum direalisasi atas tanah dijual ke Thayer (10.000)
$ 43.200


Solusi P9-2 (lanjutan)

2 Jadwal alokasi pendapatan
Posey Seaton Thayer

Pendapatan yang terpisah $ 150.000 $ 50.000 $ 30.000
Dikurangi: laba yang belum direalisasi (10.000) (5.000)

Laba menyadari terpisah 140.000 50.000 25.000
Mengalokasikan pendapatan menyadari Thayer ini
ke Seaton ($ 25.000 x 70%) 17.500 (17.500)
Dikurangi: amortisasi Paten (1.000)

Laba bersih Seaton 66500
Mengalokasikan laba bersih Seaton untuk
Posey ($ 66.500 x 80%) 53.200 (53.200)

Laba bersih Posey dan
laba bersih $ 193.200 konsolidasi
Beban bunga minoritas $ 13.300 $ 7.500


Periksa: Realisasi laba ($ 140.000 + $ 50.000 + $ 25.000) $ 215.000
Dikurangi: amortisasi Paten (1.000)
Dikurangi: Beban bunga minoritas (20,800)
Laba bersih $ 193.200 konsolidasi




3 Jadwal aset dan ekuitas pada 31 Desember 2004

Posey Seaton Thayer

Aset $ 924.000 $ 227.000 $ 270.000
Investasi di Seaton (80%) 219.200
Investasi di Thayer (70%) 159.500
Jumlah aset $ 1.143.200 $ 386.500 $ 270.000

Kewajiban $ 150.000 $ 100.000 $ 50.000
Modal saham 600.000 200.000 150.000
Saldo laba 393.200 86.500 70.000
Jumlah kewajiban dan ekuitas $ 1.143.200 $ 386.500 $ 270.000


Catatan: Aset Posey selain dari investasi terdiri dari $ 800.000 aset pada
awal tahun, ditambah laba yang terpisah dari $ 150.000 dan pendapatan dividen
$ 24.000, dikurangi dividen yang dibayarkan sebesar $ 50.000.
Aset Seaton selain investasi terdiri dari $ 350.000 aset pada awal periode,
ditambah laba yang terpisah dari $ 50.000 dan pendapatan dividen $ 7.000,
biaya investasi kurang dari $ 150.000 dan dividen yang dibayarkan sebesar $
30.000.

Solusi P9-4

1 Afiliasi diagram Parish
80% 50%
20%
Swift Tolbert
10%

2 Alokasi Pendapatan

Definisi
Pendapatan P = Parish yang secara konsolidasi
Pendapatan S = Swift secara konsolidasi
Pendapatan T = Tolbert secara konsolidasi

Persamaan
P = $ 200,000 + 0,8 + 0,5 S T
S = $ 100.000 + 0,2 T
T = $ 50.000 + .1 S

Memecahkan untuk S
S = $ 100.000 + .2 ($ 50.000 + .1 S)
S = $ 110.000 + .02 S
.98 S = $ 110.000
S = $ 112,244.90 atau $ 112.245

Hitung T
T = $ 50.000 + .1 ($ 112,244.90)
T = $ 50.000 + $ 11,224.49
T = $ 61,224.49 atau $ 61.224

Hitung P
P = $ 200.000 + .8 ($ 112,244.90) + .5 ($ 61,224.49)
P = $ 320,408.16 atau $ 320.408

Alokasi Pendapatan
Laba bersih konsolidasi = P = $ 320.408
Beban hak minoritas Swift ($ 112.245 x 0,1) 11225
Beban bunga minoritas di Tolbert ($ 61.224 x 0,3) 18367
$ 350.000


Solusi P9-4 (lanjutan)

3 P, S, dan T adalah sebagai didefinisikan dalam bagian 2.

Persamaan
P = ($ 200.000 - $ 20.000) + 0,8 + 0,5 S T
S = $ 100.000 + 0,2 T
T = ($ 50.000 - $ 10.000) + .1 S

Memecahkan untuk S
S = $ 100.000 + .2 ($ 40.000 + .1 S)
S = $ 108.000 + .02 S
S = $ 110,204.08

Hitung T
T = $ 40.000 + .1 ($ 110,204.08)
T = $ 51,020.41

Hitung P
P = $ 180.000 + .8 ($ 110.204) + .5 ($ 51,020.41)
P = $ 293,673.48

Alokasi Pendapatan
Laba bersih konsolidasi = P = $ 293,673.48
Beban hak minoritas Swift ($ 110,204.08 x 10%) 11,020.40
Beban bunga minoritas di Tolbert ($ 51,020.41 x 30%) 15,306.12
$ 320,000.00
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