Group Assignment: Intercompany Profit Transaction – Inventory

Zuni Barokah – Maret 2019

Pertanyaan:
1. Menurut Anda, motivasi apa yang mendorong perusahaan melakukan transaksi jual beli antar-
afiliasi (intercompany sales transactions) ketimbang bertransaksi dengan pihak ketiga (non-
afiliasi)?
2. Bagaimanakah perusahaan menentukan harga jual/beli pada transaksi tersebut?
3. Rekening/pos apa sajakah dalam laporan keuangan yang terdampak oleh transaksi penjualan intra-
perusahaan?
4. Rekening apa sajakah yang harus dieliminasi? Mengapa?

Kasus:
Putra Corporation acquired an 80% interest in Bunga Corporation several years ago when the book values
and fair values of Bunga's assets and liabilities were equal. At the time of acquisition, the cost of the 80%
interest was equal to 80% of the book value of Bunga's net assets. Separate company income statements for
Putra and Bunga for the year ended December 31, 2017 are summarized as follows:

Putra Bunga
Sales Revenue $1,000,000 $600,000
Investment income from Bunga 85,000
Cost of Goods Sold (600,000) (300,000)
Expenses (200,000) (200,000)
Net Income $285,000 $100,000

During 2016, Putra sold merchandise that cost $120,000 to Bunga for $180,000. Half of this merchandise
remained in Bunga's inventory at December 31, 2016. During 2017, Putra sold merchandise that cost
$150,000 to Bunga for $225,000. One-third of this merchandise remained in Bunga's December 31, 2017
inventory.

Determine: (a) Consolidated Sales, (b) Consolidated COGS, (c) Consolidated Expenses; (d) Consolidated
Net Income; (e) Non-controlling interest share; (f) Controlling interest share; and (g) provide elimination
and adjusting entries; and (h) a consolidated income statement for Putra Corporation and Subsidiary for
2017 which contains all the above components. Provide all supporting computations and entries.