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ELIMINATION ENTRIES (INTERCOMPANY PROFIT - INVENTORIES

)
Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD
COMPLETE EQUITY Sales Purchases (Cost of Sales) Elimination for Intercompany Sales xxx xxx
Recognition of Intercompany Profit in Beginning Inventory Realized During the Year

Investment in Subsidiary Beginning Inventory - Income Statement (Cost of Sales)

xxx xxx xxx xxx

To Elimination for Ending Ending Inventory (Cost

COST & PARTIAL EQUITY

Sales Purchases (Cost of Sales)

xxx

R/E - Parent (beginning) xxx Beginning Inventory - Income Statement (Cost of Sales)

Ending Inventory (Cost

Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD
COMPLETE EQUITY Sales Purchases (Cost of Sales) Elimination for Intercompany Sales xxx
Recognition of Intercompany Profit in Beginning Inventory Realized During the Year

To Elimination for Ending

Investment in Subsidiary xxx Noncontrolling Interest in Equity Beginning Inventory - Income Statement (Cost of Sales)

xxx xxx xxx xxx xxx xxx

Ending Inventory (Cost

COST & PARTIAL EQUITY

Sales Purchases (Cost of Sales)

xxx

R/E - Parent (beginning) xxx Noncontrolling Interest in Equity Beginning Inventory - Income Statement (Cost of Sales)

Ending Inventory (Cost

Advanced Accounting / Jeter & Chaney 4th Ed. / Elimination Entries (Intercompany Profit - Inventories) / Henny Wirianata, SE, MSi, Ak.

SE. MSi. .elling Affiliate Is the Parent (DOWNSTREAM SALES) To Elimination for Intercompany Profit in Ending Inventory Ending Inventory (Cost of Sales) xxx Inventory (Balance Sheet) xxx Ending Inventory (Cost of Sales) Inventory (Balance Sheet) xxx xxx Selling Affiliate Is a Subsidiary (UPSTREAM SALES) To Elimination for Intercompany Profit in Ending Inventory Ending Inventory (Cost of Sales) Inventory (Balance Sheet) xxx xxx Ending Inventory (Cost of Sales) Inventory (Balance Sheet) xxx xxx nation Entries (Intercompany Profit . Ak.Inventories) / Henny Wirianata.

Income xxx Statement (Cost of Sales) R/E .Parent (beginning) To Elimination for Ending Inventory (Balance She xxx xxx COST & PARTIAL EQUITY Sales Purchases (Cost of Sales) xxx Inventory (Balance She xxx xxx Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD COMPLETE EQUITY Sales Purchases (Cost of Sales) Elimination for Intercompany Sales xxx Recognition of Intercompany Loss in Beginning Inventory Realized During the Year To Elimination for Ending Beginning Inventory . Ak.Inventories) / Henny Wirianata.Income xxx Statement (Cost of Sales) R/E .INVENTORIES) Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD COMPLETE EQUITY Sales Purchases (Cost of Sales) Elimination for Intercompany Sales xxx Recognition of Intercompany Loss in Beginning Inventory Realized During the Year Beginning Inventory .ELIMINATION ENTRIES (INTERCOMPANY LOSS .Income xxx Statement (Cost of Sales) Investment in Subsidiary Noncontrolling Interest in Equity xxx xxx xxx Inventory (Balance She COST & PARTIAL EQUITY Sales Purchases (Cost of Sales) xxx Beginning Inventory . . / Elimination Entries (Intercompany Loss . SE.Income xxx Statement (Cost of Sales) Investment in Subsidiary Beginning Inventory .Parent (beginning) Noncontrolling Interest in Equity xxx xxx xxx Inventory (Balance She Advanced Accounting / Jeter & Chaney 4th Ed. MSi.

SE.elling Affiliate Is the Parent (DOWNSTREAM SALES) To Elimination for Intercompany Loss in Ending Inventory Inventory (Balance Sheet) xxx Ending Inventory (Cost of Sales) xxx Inventory (Balance Sheet) Ending Inventory (Cost of Sales) xxx xxx Selling Affiliate Is a Subsidiary (UPSTREAM SALES) To Elimination for Intercompany Loss in Ending Inventory Inventory (Balance Sheet) Ending Inventory (Cost of Sales) xxx xxx Inventory (Balance Sheet) Ending Inventory (Cost of Sales) xxx xxx nation Entries (Intercompany Loss . .Inventories) / Henny Wirianata. MSi. Ak.

Parent (beginning) xxx NCI in Equity xxx xxx xxx xxx xxx xxx xxx xxx .NONDEPRECIABLE PROPERTY) Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD COMPLETE EQUITY COST & PARTIAL EQUITY Year of Intercompany Sale Gain on Sale of land Land Gain on Sale of Land Land Years Subsequent to the Year of Year of Sale to Third Party Intercompany Sale xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx Land xxx Gain on Sale of Land xxx xxx R/E .Parent (beginning) NCI in Equity Year of Sale to Third Party Loss on Sale of Land Investment in Subsidiary NCI in Equity Loss on Sale of Land xxx R/E .Parent (beginning) xxx Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD COMPLETE EQUITY Land Loss on Sale of Land COST & PARTIAL EQUITY Land Loss on Sale of Land Year of Intercompany Sale Years Subsequent to the Year of Intercompany Sale xxx Land xxx xxx Investment in Subsidiary NCI in Equity xxx Land xxx xxx R/E .Parent (beginning) xxx xxx NCI in Equity xxx NCI in Equity xxx Land xxx Gain on Sale of Land xxx COST & PARTIAL EQUITY ELIMINATION ENTRIES (INTERCOMPANY LOSS .Parent (beginning) xxx R/E .Parent (beginning) xxx xxx Land xxx Gain on Sale of Land xxx Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD COMPLETE EQUITY Year of Intercompany Sale Gain on Sale of land Land Gain on Sale of Land Land Years Subsequent to the Year of Year of Sale to Third Party Intercompany Sale xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx NCI in Equity xxx NCI in Equity xxx Land xxx Gain on Sale of Land xxx xxx R/E .Parent (beginning) xxx R/E .ELIMINATION ENTRIES (INTERCOMPANY PROFIT .NONDEPRECIABLE PROPERTY) Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD COMPLETE EQUITY COST & PARTIAL EQUITY Land Loss on Sale of Land Land Loss on Sale of Land Year of Intercompany Sale Years Subsequent to the Year of Year of Sale to Third Party Intercompany Sale xxx Land xxx Loss on Sale of Land xxx xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx Land xxx Loss on Sale of Land xxx xxx R/E .Parent (beginning) xxx R/E .

/ Elimination Entries (Intercompany Profit & Loss . SE. Ak.Nondepreciable Property) / Henny Wirianata. MSi.Advanced Accounting / Jeter & Chaney 4th Ed. .

Parent (beginning) NCI in Equity Gain on Sale of Equipment xxx (sebesar sisa) Accumulated Depreciation Depreciation Expense R/E .Parent (beginning) xxx xxx R/E .Parent (beginning) Gain on Sale of Equipment xxx (sebesar sisa) Accumulated Depreciation Depreciation Expense R/E . / Elimination Entries (Intercompany Profit .Parent (beginning) Equipment xxx Accumulated Depreciation Accumulated Depreciation Depreciation Expense R/E .Parent (beginning) Accumulated Depreciation xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD COMPLETE EQUITY Year of Intercompany Sale Gain on Sale of Equipment Equipment Accumulated Depreciation Years Subsequent to the Year of Intercompany Year of Sale to Third Party Sale xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx NCI in Equity xxx NCI in Equity xxx xxx Equipment xxx Gain on Sale of Equipment Accumulated Depreciation xxx (sebesar sisa) xxx xxx Accumulated Depreciation Depreciation Expense Investment in Subsidiary NCI in Equity xxx xxx xxx xxx Accumulated Depreciation Depreciation Expense Investment in Subsidiary NCI in Equity Investment in Subsidiary NCI in Equity Accumulated Depreciation COST & PARTIAL EQUITY Gain on Sale of Equipment Equipment Accumulated Depreciation xxx xxx R/E . MSi. SE. .Parent (beginning) R/E . Ak.DEPRECIABLE PROPERTY & EQUIPMENT) Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD COMPLETE EQUITY Year of Intercompany Sale Gain on Sale of Equipment Equipment Accumulated Depreciation Accumulated Depreciation Depreciation Expense Years Subsequent to the Year of Intercompany Year of Sale to Third Party Sale xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx Equipment xxx Gain on Sale of Equipment xxx Accumulated Depreciation xxx (sebesar sisa) xxx xxx Accumulated Depreciation Depreciation Expense Investment in Subsidiary xxx xxx xxx Accumulated Depreciation Depreciation Expense Investment in Subsidiary Investment in Subsidiary Accumulated Depreciation COST & PARTIAL EQUITY Gain on Sale of Equipment Equipment Accumulated Depreciation Accumulated Depreciation Depreciation Expense xxx xxx R/E .Parent (beginning) NCI in Equity R/E .Depreciable Property & Equipment) / Henny Wirianata.Parent (beginning) NCI in Equity Accumulated Depreciation xxx Accumulated Depreciation Depreciation Expense xxx xxx xxx xxx Accumulated Depreciation Depreciation Expense xxx xxx xxx xxx xxx xxx xxx xxx xxx Advanced Accounting / Jeter & Chaney 4th Ed.Parent (beginning) NCI in Equity xxx Equipment Accumulated Depreciation Accumulated Depreciation Depreciation Expense R/E .ELIMINATION ENTRIES (INTERCOMPANY PROFIT .Parent (beginning) NCI in Equity xxx xxx xxx R/E .

g Affiliate Is the Parent (DOWNSTREAM SALES) Year of Sale to Third Party xxx xxx xxx xxx xxx xxx xxx xxx ng Affiliate Is a Subsidiary (UPSTREAM SALES) Year of Sale to Third Party xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx Intercompany Profit . MSi. Ak.Depreciable Property & Equipment) / Henny Wirianata. SE. .

Parent (beginning) NCI in Equity xxx xxx xxx Depreciation Expense Accumulated Depreciation xxx xxx Depreciation Expense Accumulated Depreciation xxx Depreciation Expense xxx R/E . . / Elimination Entries (Intercompany Loss . MSi. Ak.Parent (beginning) NCI in Equity Accumulated Depreciation xxx xxx xxx xxx xxx xxx xxx Advanced Accounting / Jeter & Chaney 4th Ed.Parent (beginning) xxx Accumulated Depreciation Accumulated Depreciation R/E .DEPRECIABLE PROPERTY & EQUIPMENT) Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD COMPLETE EQUITY Year of Intercompany Sale Equipment Accumulated Depreciation Loss on Sale of Equipment Depreciation Expense Accumulated Depreciation Years Subsequent to the Year of Intercompany Year of Sale to Third Party Sale xxx Equipment xxx Loss on Sale of Equipment xxx xxx Accumulated Depreciation xxx Investment in Subsidiary xxx Investment in Subsidiary xxx (sebesar sisa) xxx Depreciation Expense xxx Investment in Subsidiary Accumulated Depreciation xxx xxx Depreciation Expense Investment in Subsidiary xxx Accumulated Depreciation Accumulated Depreciation Investment in Subsidiary COST & PARTIAL EQUITY Equipment Accumulated Depreciation Loss on Sale of Equipment Depreciation Expense Accumulated Depreciation xxx xxx xxx xxx Equipment Accumulated Depreciation R/E . SE.Parent (beginning) NCI in Equity xxx Accumulated Depreciation Accumulated Depreciation R/E .Depreciable Property & Equipment) / Henny Wirianata.Parent (beginning) NCI in Equity xxx Loss on Sale of Equipment xxx (sebesar sisa) xxx R/E .Parent (beginning) xxx NCI in Equity Depreciation Expense R/E .ELIMINATION ENTRIES (INTERCOMPANY LOSS .Parent (beginning) xxx xxx xxx xxx xxx Loss on Sale of Equipment R/E .Parent (beginning) Accumulated Depreciation Depreciation Expense R/E .Parent (beginning) xxx xxx xxx Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD COMPLETE EQUITY Year of Intercompany Sale Equipment Accumulated Depreciation Loss on Sale of Equipment Years Subsequent to the Year of Intercompany Year of Sale to Third Party Sale xxx Equipment xxx Loss on Sale of Equipment xxx xxx Accumulated Depreciation xxx (sebesar sisa) xxx Investment in Subsidiary xxx Investment in Subsidiary NCI in Equity xxx NCI in Equity xxx Depreciation Expense xxx Investment in Subsidiary NCI in Equity Accumulated Depreciation xxx xxx xxx Depreciation Expense Investment in Subsidiary NCI in Equity xxx Accumulated Depreciation Accumulated Depreciation Investment in Subsidiary NCI in Equity COST & PARTIAL EQUITY Equipment Accumulated Depreciation Loss on Sale of Equipment xxx xxx xxx Equipment Accumulated Depreciation R/E .Parent (beginning) (sebesar sisa) xxx xxx xxx xxx Depreciation Expense xxx R/E .

.g Affiliate Is the Parent (DOWNSTREAM SALES) Year of Sale to Third Party xxx xxx xxx xxx xxx xxx ng Affiliate Is a Subsidiary (UPSTREAM SALES) Year of Sale to Third Party xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx (Intercompany Loss . Ak. SE.Depreciable Property & Equipment) / Henny Wirianata. MSi.

Parent * Discount on bonds Investment in bonds Interest Income * R/E .Parent xxx * Minority Interest xxx * R/E .Parent * R/E .Parent xxx * Minority Interest xxx * R/E .Parent Interest Expense Idem Complete Equity xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx Bonds Payable * Premium on bonds * R/E .Parent xxx * Minority Interest * Discount on bonds Investment in bonds xxx Interest Income xxx * R/E .Parent * R/E .Parent Interest Expense Idem Complete Equity UPSTREAM xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx INCOMPLETE EQUITY * Traditional Approach * Conversion to Equity Approach COST TRADITIONAL APPROACH xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx CONVERSION TO EQUITY APPROACH METODE EQUITY COMPLETE EQUITY Eliminasi Constructive Gain/Loss & Piecemeal (thn penjualan) Eliminasi Constructive Gain/Loss & Piecemeal (thn berikutnya) Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds xxx xxx xxx * * xxx * xxx xxx Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense xxx xxx * xxx * xxx Bonds Payable Premium on bonds Investment in Subsidiary Minority Interest * Investment in Subsidiary * Minority Interest * Discount on bonds Investment in bonds Interest Income Investment in Subsidiary Minority Interest * Investment in Subsidiary * Minority Interest Interest Expense xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx INCOMPLETE EQUITY * Traditional Approach Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds xxx xxx xxx Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense Bonds Payable * Premium on bonds * R/E .Parent xxx * Minority Interest xxx * R/E .Parent * R/E .Parent xxx * Minority Interest xxx * R/E .Parent * R/E .Parent * Discount on bonds Investment in bonds Interest Income * R/E .BONDS METODE EQUITY COMPLETE EQUITY DOWNSTREAM Eliminasi Constructive Gain/Loss & Piecemeal (thn penjualan) Revisi-2003 Eliminasi Constructive Gain/Loss & Piecemeal (thn berikutnya) Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense Idem Complete Equity Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense Idem Complete Equity xxx xxx xxx Bonds Payable * Premium on bonds * Investment in Subsidiary xxx * Investment in Subsidiary xxx * Discount on bonds xxx Investment in bonds xxx Interest Income xxx * Investment in Subsidiary xxx * Investment in Subsidiary xxx Interest Expense xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx Bonds Payable * Premium on bonds * R/E .JURNAL ELIMINASI .Parent * Minority Interest Interest Expense Idem Complete Equity xxx xxx * Conversion to Equity Approach COST TRADITIONAL APPROACH Idem Complete Equity Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds xxx xxx xxx Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense Bonds Payable * Premium on bonds * R/E .Parent xxx * Minority Interest * Discount on bonds Investment in bonds xxx Interest Income xxx * R/E .Parent * Minority Interest Interest Expense Idem Complete Equity xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx CONVERSION TO EQUITY APPROACH Idem Complete Equity .