Tugas Kelompok ke-1

Week 3
Kelompok 1 :

Ferry Bravo (2101785272)

Hanes Rahman A. Saragih (2101787593)
Paskalia Chrissanty Akoit (2101788223)
Riza Adi Nurisma (2101777195)
Stella Caroline Laurensia (2101779414)

Kasus 1
Park Co. membeli 90% saham Salt Co. pada tanggal 1 Januari 2014 dengan harga $465.000.
Pada saat itu, retained earnings Salt adalah sebesar $50.000 dan common stock sebesar
$450.000. Perbedaan antara book value dan implied value dialokasikan ke tanah. Selama tahun
2018, Salt mengumumkan dividen $10.000 dan melaporkan net income $40.000. Retained
earnings akhir tahun 2017 Salt Co. sebesar $160.000. Park menggunakan metode cost.

Diminta:
Buatlah workpaper entries yang dibutuhkan untuk pembuatan laporan keuangan konsolidasi
pada 31 Desember 2018!

Jawab :
Workpaper entries 31/12/18 – Cost Method :
Desc Debit Credit
Investment in Salt Company $ 99.000
Retained Earnings 1 Jan - Park Company $ 99.000
* To establish reciprocity (90% x ($ 160.000 - 50.000))

Dividend Income $ 9.000

Dividends Declared - Salt Company $ 9.000

Common Stock - Salt Company $ 450.000

Retained Earnings 1 Jan 2018 - Salt Company $ 160.000
Land $ 16.667
Investment in Salt Company $ 564.000
Noncontrolling Interest $ 62.667

F1314-Merger & Acquisition Accounting & Auditing Impact

 Computation and Allocation of Difference between Implied and Book Value Acquired
Non -Controlling
Parent Share Entire Value
Share
Purchase price and implied value $ 465.000 $ 51.667 $ 516.667
* Less: Book value of equity acquired: $ 450.000 $ 50.000 $ 500.000
Difference between implied and book value $ 15.000 $ 1.667 $ 16.667
Allocated to undervalued land $ -15.000 $ -1.667 $ -16.667
Balance $ - $ -

Kasus 2
Place Co. membeli 92% saham Shaw Co. pada 1 Januari 2012 dengan harga $400.000. Trial
balances di akhir tahun 2012 adalah:
Place Shaw
Cash 80.350 87.000
Accounts and Notes Receivable 200.000 210.000
Inventory 1/1 70.000 50.000
Investment in Shaw Co. 400.000 0
Plant Assets 300.000 200.000
Dividend Declared 35.000 22.000
Purchases 240.000 150.000
Selling Expenses 28.000 20.000
Other Expenses 15.000 13.000
Total 1.368.350 752.000

Accounts and Notes Payable 99.110 38.000

Other Liabilities 45.000 15.000
Common Stock (par $10) 150.000 100.000
Other Contributed Capital 279.000 149.000
Retained Earnings 1/1 225.000 170.000
Sales 550.000 280.000
Dividend Income 20.240 0
Total 1.368.350 752.000

Saldo inventory per 31 Desember 2012 adalah $25.000 untuk Place dan $15.000 untuk Shaw.
Accounts and Notes Payable milik Shaw termasuk notes payable ke Place sebesar $15.000.

F1314-Merger & Acquisition Accounting & Auditing Impact

Diminta:
Buatlah workpaper untuk pembuatan laporan keuangan konsolidasi pada tangga 31 Desember
2012! Perbedaan antara book value dengan implied value dialokasikan ke plant assets.

Consolidated Statements Workpaper

Place Company and Subsidiary for the Year Ended December 31, 2013

Elimination Non-
Controlling Consolidated
Place Shaw Debit Credit Interest Balances

Income Statement

Sales 550.000 280.000 830.0

Dividend Income 20.240 20.240 (1)

Total Revenue 570.240 280.000 830.0

Cost of Goods Sold:

Inventory 1/1 70.000 50.000 120.0

Purchases 240.000 150.000 390.0

Available for Sale 310.000 200.000 510.0

Inventory 12/31 (25.000) (15.000) 40.0

Cost of Goods
Sold 285.000 185.000 470.0

Selling Expenses 28.000 20.000 48.0

Other Expenses 15.000 13.000 28.0

Total Cost and

Expense 328.000 218.000 546.0

F1314-Merger & Acquisition Accounting & Auditing Impact

 Net Consolidated
Income 242.240 62.000 284.0

Noncontrolling
Interest in Consol.
Inc. (8% 4.960 (4.96
 $62.000) = $4.960

Net Income to
Retained Earnings 242.240 62.000 20.240 4.960 279.0

Retained Earnings
Statement

Retained Earnings
1/1:

Place Company 225.000 225.0

Net Income 242.240 62.000 20.240 4.960 279.040

Dividends Declared
Place Company (35.000) (35.000)
Shaw Inc. (22.000) 20.240 (1) (1.760)
Retained Earnings
31/12
to Balance Sheet 432.240 210.000 190.240 20.240 3.200 469.040

Balance Sheet
Cash 80.350 87.000 167.350
Accounts and Notes
Receivable 200.000 210.000 15.000 (4) 395.000
Inventory 25.000 15.000 40.000
Investment in Shaw
Inc.. 400.000 400.000 (2)
Difference b/w (
Implied & Book 2
Value 15.783) 15.783 (3)
Plant Assets 300.000 200.000 15.783( 515.783
3

F1314-Merger & Acquisition Accounting & Auditing Impact

 )
Total 1.005.350 512.000 1.118.133

(
Accounts and Notes 4
Payable 99.110 38.000 15.000) 122.110
Other Liabilities 45.000 15.000 60.000
Common Stock:
Place Company 150.000 150.000
(
2
Shaw 100.000 100.000)
Other Contributed
Capital
Place Company 279.000 279.000
(
2
Shaw Inc. 149.000 149.000)
Retained Earnings
from above 432.240 210.000 190.240 20.240 3.200 469.040
Noncontrolling
Interest 1/1 34.783 (2) 34.783
Noncontrolling
Interest 31/12 37.983 37.983
Total 1.005.350 512.000 485.806 485.806 1.118.133

Jurnal Eliminasi :

(1) Untuk menghilangkan dividen antar perusahaan

Dr. Dividend Income $ 20.240

Cr. Dividens Declared – Shaw Inc. $ 20.240

(2) Untuk menghilangkan Investasi di Shaw dan membuat noncontrolling interest account

Dr. Retained Earnings 1/1 – Shaw Inc. $ 170.000

F1314-Merger & Acquisition Accounting & Auditing Impact

 Dr. Common Stock – Shaw Inc. $ 100.000

Dr. Difference between Implied & Book Value $ 15.783

Dr. Other Contributed Capital – Shaw Inc. $ 149.000

Cr. Investment in Shaw Inc. $400.000

Cr. Noncontrolling Interest 1/1 $34.783

(3) Untuk mengalokasikan perbedaan antara implied value dan nilai buku

Dr. Plant Assets $ 15.783

Cr. Difference between Implied & Book Value $15.783

(4) Untuk menghilangkan piutang dan hutang antar perusahaan

Dr. Accounts and Notes Payable $ 15.000

Cr. Accounts and Notes Receivable $ 15.000

Perhitungan dan Alokasi Perbedaan antara Nilai Implied dan Nilai Buku yang Diperoleh

Parent Non- Entire

Share Controlling Value

Share

Purchase price and implied value 400,000 34,783 434,783 *

Less: Book value of equity acquired: 385,480 33,520 419,000

Difference between implied and book value 14,520 1,263 15,783

Undervalued land (14,520) (1,263) (15,783)

Balance -0- -0- -0 -

* $ 434.783 = ($ 400,000/92%)

Kasus 3

F1314-Merger & Acquisition Accounting & Auditing Impact

Pada tanggal 1 Januari 2012, Perez Company membeli 90% saham Sanchez Company dengan
harga $85.000. Sanchez memiliki capital stock $70.000 dan retained earnings $12.000 pada saat
itu. Pada tanggal 31 Desember 2016, trial balance kedua perusahaan adalah sebagai berikut:
Perez Sanchez
Cash 13.000 14.000
Accounts and Notes Receivable 22.000 36.000
Inventory 1/1 14.000 8.000
Advance to Sanchez Co. 8.000 0
Investment in Sanchez Co. 85.000 0
Plant and Equipment 50.000 44.000
Land 17.800 6.000
Dividend Declared 10.000 12.000
Purchases 84.000 20.000
Other Expenses 10.000 16.000
Total 313.800 156.000

Accounts Payable 6.000 6.000

Other Liabilities 37.000 0
Advance from Perez Company 0 8.000
Capital Stock 100.000 70.000
Retained Earnings 50.000 30.000
Sales 110.000 42.000
Dividend Income 10.800 0
Total 313.800 156.000
Inventory 31/12 40.000 15.000

Perbedaan antara book value dan implied value dialokasikan ke goodwill.

Diminta:
Buatlah workpaper untuk pembuatan laporan keuangan konsolidasi pada tangga 31 Desember
2016!

Perez Company and Subsidiary

Consolidated Statements Workpaper
Workpaper – Cost Method For the Year Ended December 31, 2016

Perez Sanchez Eliminating Entries Non- Consolidated

Company Company controlling Balance
Interest

F1314-Merger & Acquisition Accounting & Auditing Impact

 Dr. Cr

Income Statement

Sales 110.000 42.000 152.000

Dividend Income 10.800 10.800

Total Revenue 120.800 42.000 152.000

Cost of Goods Sold

Inventory 1/1 14.000 8.000 22.000

Purchase 84.000 20.000 104.000

Available for Sale 98.000 28.000 126.000

Inventory 12/31 40.000 15.000 55.000

Cost of Goods Sold 58.000 13.000 71.000

Other Expenses 10.000 16.000 26.000

Total Cost and 68.000 29.000 97.000

Expenses
Net Income 52.800 13.000 55.000

Noncontrolling Interest 1.300 (1.300)

Net Income to 52.800 13.000 10.800 1.300 57.000

Retained Earnings

F1314-Merger & Acquisition Accounting & Auditing Impact