Advanced Accounting 1A Test 2 Name:

Seat no
Problem 1
On April 30, 2018 Par Corp. paid $200000 for 35% Sub Corp stocks. During 2018 Sub report Income
$120000 dan paid dividend $20000. Calculate Par investment in Sub. Corp. stocks on Dec. 31, 2018
show your computation: 200000 35% 8 200000 221000
120000 28000
Problem 2 20000 -7000
On Jan. 3, 2016 Pat Corp. bought 12% of Saw outstanding shares at $30. At the end of 2016 Saw
reported $1150 000 income and paid dividend $5/share. On April, 1 2017 Pat bought 15% shares
of Saw common stock at $ 32. Saw reported 2017 income of $1200 000 and paid dividend $4/share.
All remaining Saw's shares were bought by Pat on Jan. 3, 2018 at $22/share. Saw stocks par $10
were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000

Prepare the journal entries for Pat Investment in Saw on:

Jan.3, 2016 Calculate Pat Investment in Saw and controlling
interest on : Investment C'trol interest
Jan.3, 2016
Dec.31, 2016 April.30, 2017
Dec. 31, 2017
Jan. 3, 2018

Apr. 1, 2017 On January 2018, Saw financial position is as follows:

Saw MV
Assets
Liabilities

Dec. 31, 2017 Prepare journal entries to recognized Saw Assets

and Liabilities on Pat Corp. , if On January 2018,
Saw financial position is as follows:
Pat BV Saw MV
Cash $1,200,000 1000000
Account Receivable $400,000 876800
Jan.3 2018 Inventory $140,000 306000
Other Current Assets $30,000 836000
Investment in Saw
Land $1,800,000 244000
Buildings (net) $2,156,000 800000
Equipment (net) $204,000 510000
Account Payable $100,000 1020000
Loan Payable $1,500,000 1326000
Capital Stock par $10 $5,000,000
Paid in Capital $1,000,000
Retained Earnings $887,000
Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 72000 stocks
Pat-BV Adjustment Consolidated BS
Assets

Total Assets
Liabilities

Owners'Equity

Total Liabilities & Equity

Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.

Problem 3
On Jan 5, 2018 PP Co. bought 12% of SsCo. Stock at $20/stock, additional 13% were
bought on March 31, 2017 at $22/stock. On June 1, 2018, 3500 stocks were bought at
$25/stock making the PP controlling interest in Ss Co. 60%. Complete the following
table: Income Dividend Investment Controlling interest
"Mar. 31, 2017
Dec. 31, 2016 $200,000 $60,000
Mar. 31, 2017
Dec.31, 2017 $180,000 $80,000
Juni 31, 2018
Advanced Accounting 1C Quiz 3 Name:
Seat no

Problem 3
On Jan 5, 2018 PP Co. bought 12% of SsCo. Stock at $20/stock, additional 13% were
bought on March 31, 2017 at $22/stock. On June 1, 2018, 3500 stocks were bought at
$25/stock making the PP controlling interest in Ss Co. 60%. Complete the following
table: Income Dividend Investment Controlling interest
"Mar. 31, 2017
Dec. 31, 2016 $200,000 $60,000
Mar. 31, 2017 28,600 13%
Dec.31, 2017 $180,000 $80,000 28,600 13%
jan 5 18 52,600 25%
jun 1 18 140,100 60%

Shares AcquiredMonthly Hold % Acquired Shares MV

march 31, 2017 1,300.00 9 13% 22
jan 5 2018 80,000.00 12 12% 20
jun 1 18 3,500.00 35% 25
60%
 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 3
Pat-BV
Assets
Cash $782,000
Account Receivable $400,000
Inventory $200,000
ontrolling interest Other Current Assets $360,000
Investment in Saw #REF!
Land $1,800,000
Buildings (net) $2,200,000
minus karena 10400 Equipment (net) $204,000
dividen income Goodwill - ini disini kalo ada goodwill
hitung Total Assets #REF!
Liabilities
Account Payable $100,000
Loan Payable $109,167
Total Share -10400 Owners'Equity
10,000 28,600 Capital Stock par $10 $5,000,000
24,000 Paid in Capital $1,000,000
87,500 Retained Earnings $11,073,500
129,700 Gain in Bargain Purchase
n. 3 2018 after the purchase of Saw 37500 stocks
Adjustment Consolidated BS

#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF!

#REF! #REF!
#REF! #REF!

$5,000,000
$1,000,000
$11,073,500
$0
Advanced Accounting 1B Test 2 Name:
Seat no
Problem 1
On Jan. 3, 2016 Pat own 90 % at $70/share. At the end of 2016 Saw
reported $1500 000 income and paid dividend $300000. On April, 30 2017 Pat bought 10% shares
of Saw common stock at $ 15. Saw reported 2017 income of $1350 000 and paid dividend $5/share.
All remaining Saw's shares were bought by Pat on Jan. 3, 2018 at $17/share. Saw stocks were initially
sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000 share acquired
12 15% 12 1500000 3 100000 1730555.55556
8 10% 15 1350000 5
65% 17 300000 90%
90% 500000 invesment 1557500
Prepare the journal entries for Pat Investment in Saw on:
Jan.3, 2016 Calculate Pat Investment in Saw and controlling
interest on : Investment C'trol interest
Jan.3, 2016
Dec.31, 2016 April.30, 2017
Dec. 31, 2017
Jan. 3, 2018

Apr. 30, 2017 On January 2018, Saw financial position is as follows:

Saw MV net asset
Assets invesment
Liabilities

Dec. 31, 2017 Prepare journal entries to recognized Saw Assets

and Liabilities on Pat Corp. , if On January 2018,
Saw financial position is as follows:
Pat BV Saw MV
Cash $1,200,000 1000000
Account Receivable $200,000 876800
Jan.3 2018 Inventory $400,000 306000
Other Current Assets $36,750 836000
Investment in Saw
Land $1,800,000 244000
Buildings (net) $2,156,000 800000
Equipment (net) $204,000 510000
Account Payable $100,000 1020000
Loan Payable $870,000 1326000
Capital Stock par $10 $5,000,000
Paid in Capital $1,000,000
Retained Earnings
 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 72000 stocks
Pat-BV Adjustment Consolidated BS
Assets
Cash $1,200,000 1000000 $2,200,000
Account Receivable $200,000 876800 $1,076,800
Inventory $400,000 306000 $706,000
Other Current Assets $36,750 836000 $872,750
implied value invesment in saw 1557500 1557500 $0
15000 land $1,800,000 244000 $2,044,000
10000 building $2,156,000 800000 $2,956,000
65000 equipment $204,000 510000 $714,000
goodwill
Total Assets $7,554,250 $10,569,550
Liabilities
account payable $100,000 1020000 $1,120,000
loan payable $870,000 1326000 $2,196,000
Owners'Equity
capital stock par $10 $5,000,000 $5,000,000
paid in capital $1,000,000 $1,000,000
retained earnings 584250 584250
non controlling interest 173056 173056
2226800 bargain on purchase 496244 496244
173055.555556 Total Liabilities & Equity $7,554,250 4572800 4572800 $10,569,550
$0
Problem 2 1 1
On Jan 5, 2018 PP Co. bought 15% of SsCo. Stock at $20/stock, additional 13% were
bought on March 31, 2017 at $22/stock. On June 1, 2018, 3500 stocks were bought at
$27/stock making the PP controlling interest in Ss Co. 63%. Complete the following
table: Income Dividend Investment C'trolling interest
Jan.5, 2016 30000 15%
Dec. 31, 2016 $200,000 $60,000 30000 15%
Mar. 31, 2017 49600 28%
Dec.31, 2017 $180,000 $80,000 71750 28%
Juni 31, 2018 166250 35%
63%
Problem 3
On May 31, 2018 Par Corp. paid $260000 for 28% Sub Corp stocks. During 2018 Sub
report Income $150000 dan paid dividend $50000. Calculate Par investment in
Sub. Corp. stocks on Dec. 31, 2018
show your computation: 270500
260000 28% 7 260000
150000 24500
50000 -14000
Advanced Accounting 1C Quiz 3 Name:
Seat no

Problem 2
On Jan 5, 2018 PP Co. bought 15% of SsCo. Stock at $20/stock, additional 13% were
bought on March 31, 2017 at $22/stock. On June 1, 2018, 3500 stocks were bought at
$27/stock making the PP controlling interest in Ss Co. 63%. Complete the following
table: Income Dividend Investment Controlling interest
"Mar. 31, 2017
Dec. 31, 2016 $200,000 $60,000
Mar. 31, 2017 28,600 13%
Dec.31, 2017 $180,000 $80,000 28,600 13%
jan 5 18 58,600 28%
jun 1 18 153,100 63%

Shares AcquiredMonthly Hold % Acquired Shares MV

march 31, 2017 1,300.00 9 13% 22
jan 5 2018 1,500.00 12 15% 20
jun 1 18 3,500.00 35% 27
63%
 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 3
Pat-BV
Assets
Cash $782,000
Account Receivable $400,000
Inventory $200,000
ontrolling interest Other Current Assets $360,000
Investment in Saw #REF!
Land $1,800,000
Buildings (net) $2,200,000
Equipment (net) $204,000
Goodwill - ini disini kalo ada goodwill
Total Assets #REF!
Liabilities
Account Payable $100,000
Loan Payable $109,167
Total Share Owners'Equity
10,000 28,600 Capital Stock par $10 $5,000,000
30,000 Paid in Capital $1,000,000
94,500 Retained Earnings $11,073,500
153,100 Gain in Bargain Purchase
n. 3 2018 after the purchase of Saw 37500 stocks
Adjustment Consolidated BS

#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF!

#REF! #REF!
#REF! #REF!

$5,000,000
$1,000,000
$11,073,500
$0
Advanced Accounting 1A Quiz 3 Name:
Seat no
On Jan. 3, 2016 Pat own 90 % at $70/share. At the end of 2016 Saw
reported $1500 000 income and paid dividend $300000. On April, 30 2017 Pat bought 10% shares
of Saw common stock at $ 15. Saw reported 2017 income of $1350 000 and paid dividend $5/share.
All remaining Saw's shares were bought by Pat on Jan. 3, 2018 at $17/share. Saw stocks were initially
sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
Assume Saw Corp Assets MV is 120% from BV, and the others remain the same

Shares AcquiredMonthly Hold % Acquired Shares MV

Jan 3 2016 16,000.00 12 16% 15
April 1 2017 14,000.00 9 14% 17
Jan 3 2018 45,000.00 45% 20
75% 70
Income Dvdn/Share Dvdn Total
End 2016 1,000,000 3 300,000
End 2017 1,300,000 4 400,000
Prepare the journal entries for Pat Investment in Saw on:
Jan.3, 2016 Calculate Pat Investment in Saw and controlling
Investment in Saw 240,000 interest on :
Cash 240000 Jan 03, 2016
Dec.31, 2016 Sept,02 , 2017
Cash 48,000 Dec. 31, 2017
Dividend Income 48000 Jan. 3, 2018
April 1, 2017
Investment in Saw 238,000 On January 2018, Saw financial position is as follows:
Cash 238000
Dividend Income 48000 Assets
Investment in Saw 48000 Liabilities

Dec. 31, 2017 Prepare journal entries to recognized Saw Assets

Investment in Saw $344,500 and Liabilities on Pat Corp. , if On January 2018,
Income from Saw $344,500 Saw financial position is as follows:

Cash $120,000 Cash

Investment in Saw $120,000 Account Receivable
Inventory
Jan.3 2018 Other Current Assets
Investment in Saw $900,000 Land
Cash $900,000 Buildings (net)
Equipment (net)
Assets $4,572,800 Account Payable
Goodwill Loan Payable
Liabilities $2,346,000 Capital Stock par $10
Investment in Saw $1,554,500 Paid in Capital
Bargain purchase Gain $499,300 Retained Earnings
$4,572,800 $4,399,800 Total Allocated to identifiable net assets
$173,000 Net Assets
Fair Value/Purchase Price of 100% Acq 1,554,500
Fair Value of Saw's Net Assets 2,226,800
Total Excess/(Deficit) of FV to BV (672,300)

Checking Err:504
1727500
1,554,500 C20+C26-D29+C32-D36+C39
1,554,500 (E11*F11*G11)+(E12*G11*F12)-(E11*G11*E16)+(((E11*D11/12)+(E12*D12/12))*D17

ad
 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 3
Pat-BV
Pat bought 10% shares Assets
paid dividend $5/share. Cash $1,200,000
Saw stocks were initially Account Receivable $200,000
Inventory $400,000
Other Current Assets $36,750
Investment in Saw $1,554,500
Total Share implit value (100%) Land $1,800,000
100,000 2072666.66667 Buildings (net) $2,156,000
518167 Equipment (net) $204,000
Goodwill - ini disini kalo ada goodwill
Total Assets $7,551,250.00
2,072,667 Liabilities
518,167 Account Payable $100,000
Loan Payable $870,000
Owners'Equity
nvestment in Saw and controlling Capital Stock par $10 $5,000,000
Investment C'trol interest Paid in Capital $1,000,000
240000 16% Retained Earnings $466,083
430000 30% Gain in Bargain Purchase
654500 30% ?? Total Liabilities & Equity $7,436,083.00
1554500 75%
Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.
aw financial position is as follows: Checking $0
BV MV $115,167
$7,200,000 $4,572,800 cara cari retained earnings (from BV)
$2,300,000 $2,346,000 total assets before RE 8,487,000.00
$4,900,000 $2,226,800 (Include invesment)
entries to recognized Saw Assets total liability and equity 7,600,000.00
n Pat Corp. , if On January 2018, before RE
osition is as follows: Retained Earnings 887,000.00
BV MV Excess Allocated
$1,200,000 1000000 (200,000)
$200,000 876800 676,800
$400,000 306000 (94,000)
$36,750 836000 799,250 Cash
$1,800,000 244000 (1,556,000) Account Receivable
$2,156,000 800000 (1,356,000) Inventory
$204,000 510000 306,000 Other Current Assets
$100,000 1020000 920,000 Investment in Saw
$870,000 1326000 456,000 Land
$5,000,000 Buildings (net)
$1,000,000 Equipment (net)
Account Payable
otal Allocated to identifiable net assets (47,950) Loan Payable
5,026,750 2,226,800 Capital Stock par $10
 0 1 Paid in Capital
$5,026,750 Retained Earnings

formula
180+ 150 - 35 + 209,50-,205 + perhitungan berikut dari 90%

16)+(((E11*D11/12)+(E12*D12/12))*D17)-((E11+E12)*E17*G11)+(E13*G11*F13)
2018 after the purchase of Saw 37500 stocks
Adjustment Consolidated BS

$ 1,000,000 $2,200,000
$ 876,800 $1,076,800
$ 306,000 $706,000
$ 836,000 $872,750
$ 1,554,500 $0
$ 244,000 $2,044,000
$ 800,000 $2,956,000
$ 510,000 $714,000
$0
$10,569,550

$ 1,020,000 $1,120,000
$ 1,326,000 $2,196,000

$5,000,000
$1,000,000
$ 518,167 $984,250
$0
$4,572,800 $4,418,667 $10,300,250

p. and the Subsidiary Saw Corp.

0 $0
$154,133
menentukan goodwil atau gain dari market value
net asset $ 2,226,800 $ 2,226,800
investment $ 1,554,500 $ 1,554,500
goodwill/(gain) $ (672,300) $ (672,300)
jikalau nilai invesment > net assets maka ia goodwill
jikalau nilai invesment < net assets maka ia gain
$ 4,572,800 $ 2,346,000

Pat BV Pat BV
$1,200,000 Cash $1,200,000
$200,000 Account Receivable $200,000
$400,000 Inventory $400,000
$36,750 Other Current Assets $36,750
Investment in Saw
$1,800,000 Land $1,800,000
$2,156,000 Buildings (net) $2,156,000
$204,000 Equipment (net) $204,000
$100,000 Account Payable $100,000
$870,000 Loan Payable $870,000
$5,000,000 Capital Stock par $11 $5,000,000
$1,000,000 Paid in Capital $1,000,000
Retained Earnings
Advanced Accounting 1C Test 2 Name:
Seat no
Problem 1
On Jan. 3, 2016 Pat Corp. bought 16000 shares of Saw stocks at $15. At the end of 2016 Saw
reported $1500 000 income and paid dividend $3/stock. On April, 1 2017 Pat bought 14% shares
of Saw common stock at $ 17. Saw reported 2017 income of $1350 000 and paid dividend $4/share.
All remaining Saw's shares were bought by Pat on Jan. 3, 2018 at $20/share. Saw stocks were initially
sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000

Prepare the journal entries for Pat Investment in Saw on:

Jan.3, 2016 Calculate Pat Investment in Saw and controlling
interest on : Investment C'trol interest
Jan.3, 2016
Dec.31, 2016 April.30, 2017
Dec. 31, 2017
Jan. 3, 2018

Apr. 1, 2017 On January 2018, Saw financial position is as follows:

Saw MV
Assets
Liabilities

Dec. 31, 2017 Prepare journal entries to recognized Saw Assets

and Liabilities on Pat Corp. , if On January 2018,
Saw financial position is as follows:
Pat BV Saw MV
Cash $1,200,000 1000000
Account Receivable $400,000 876800
Jan.3 2018 Inventory $200,000 306000
Other Current Assets $50,000 836000
Investment in Saw
Land $1,800,000 244000
Buildings (net) $2,156,000 800000
Equipment (net) $204,000 510000
Account Payable $100,000 1020000
Loan Payable $1,077,750 1485050
Capital Stock par $10 $5,000,000
Paid in Capital $1,000,000
Retained Earnings
Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 72000 stocks
Pat-BV Adjustment Consolidated BS
Assets

Total Assets
Liabilities

Owners'Equity

Total Liabilities & Equity

Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.

Problem 2
On Jan 5, 2018 PP Co. bought 15% of SsCo. stock at $20/stock, additional 13% were
bought on March 31, 2017 at $22/stock. On June 1, 2018, 3500 stocks were bought at
$27/stock making the PP controlling interest in Ss Co. 63%. Complete the following
table: Income Dividend Investment C'trolling interest
Jan.5, 2016
Dec. 31, 2016 $200,000 $60,000
Mar. 31, 2017
Dec.31, 2017 $180,000 $80,000
Juni 31, 2018

Problem 3
On Oct 31, 2018 Par Corp. paid $280000 for 26% Sub Corp stocks. During 2018 Sub
report Income $250000 dan paid dividend $100000. Calculate Par investment in
Sub. Corp. stocks on Dec. 31, 2018
show your computation: 30833.333333
280000 26% 2 280000
250000 10833.333333333
1000000 -260000
Advanced Accounting 1IPRO Test 2 Name:
Seat no
Problem 1
On Jan. 3, 2016 Pat Corp. bought 13000 shares of Saw stocks at $15. At the end of 2016 Saw
reported $1500 000 income and paid dividend $4/stock. On May 31, 2017 Pat bought 14% shares
of Saw common stock at $ 20. Saw reported 2017 income of $1350 000 and paid dividend $5/share.
All remaining Saw's shares were bought by Pat on Jan. 3, 2018 at $22/share. Saw stocks were initially
sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000

Prepare the journal entries for Pat Investment in Saw on:

Jan.3, 2016 Calculate Pat Investment in Saw and controlling
interest on : Investment C'trol interest
Jan.3, 2016
Dec.31, 2016 April.30, 2017
Dec. 31, 2017
Jan. 3, 2018

MaI 31, 2017 On January 2018, Saw financial position is as follows:

Saw MV
Assets
Liabilities

Dec. 31, 2017 Prepare journal entries to recognized Saw Assets

and Liabilities on Pat Corp. , if On January 2018,
Saw financial position is as follows:
Pat BV Saw MV
Cash $1,200,000 1000000
Account Receivable $400,000 875000
Jan.3 2018 Inventory $200,000 300000
Other Current Assets $50,000 835000
Investment in Saw
Land $1,800,000 200000
Buildings (net) $2,156,000 800000
Equipment (net) $204,000 500000
Account Payable $100,000 1000000
Loan Payable $1,189,750 1500000
Capital Stock par $10 $5,000,000
Paid in Capital $1,000,000
Retained Earnings
Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 72000 stocks
Pat-BV Adjustment Consolidated BS
Assets

Total Assets
Liabilities

Owners'Equity

Total Liabilities & Equity

Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.

Problem 2
On Jan 5, 2018 PP Co. bought 10% of SsCo. stock at $20/stock, additional 13% were
bought on March 31, 2017 at $22/stock. On June 1, 2018, 3500 stocks were bought at
$27/stock making the PP controlling interest in Ss Co. 58%. Complete the following
table: Income Dividend Investment C'trolling interest
Jan.5, 2016
Dec. 31, 2016 $200,000 $60,000
Mar. 31, 2017
Dec.31, 2017 $180,000 $80,000
Juni 31, 2018

Problem 3
On Oct 31, 2018 Par Corp. paid $250000 for 27.5% Sub Corp stocks. During 2018 Sub
report Income $250000 dan paid dividend $100000. Calculate Par investment in
Sub. Corp. stocks on Dec. 31, 2018
show your computation:
250000 27.5% 2 250000 233958.3
250000 11458.3333333
100000 -27500
Advanced Accounting 1A Quiz 3 Name:
Seat no
On Jan. 3, 2016 Pat Corp. bought 12% of Saw outstanding shares at $30. At the end of 2016 Saw
reported $1150 000 income and paid dividend $5/share. On April, 1 2017 Pat bought 15% shares
of Saw common stock at $ 32. Saw reported 2017 income of $1200 000 and paid dividend $4/share.
All remaining Saw's shares were bought by Pat on Jan. 3, 2018 at $22/share. Saw stocks par $10
were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
Assume Saw Corp Assets MV is 120% from BV, and the others remain the same

Shares AcquiredMonthly Hold % Acquired Shares MV Total Share

Jan 3 2016 12,000.00 12 12% 30 100,000
April 1 2017 15,000.00 9 15% 32
Jan 3 2018 73,000.00 73% 22

Income Dvdn/Share Dvdn Total

End 2016 1,150,000 5 500,000
End 2017 1,200,000 4 400,000
Prepare the journal entries for Pat Investment in Saw on:
Jan.3, 2016 Calculate Pat Investment in Saw and controlling
Investment in Saw 360000 interest on : Investment
Cash 360000 Jan 03, 2016 360000
Dec.31, 2016 Sept,02 , 2017 780000
Cash 60000 Dec. 31, 2017 951000
Dividend Income 60000 Jan. 3, 2018 2557000
April 1, 2017
Investment in Saw 480000 On January 2018, Saw financial position is as follows:
Cash 480000 BV
Dividend Income 60000 Assets $7,200,000
Investment in Saw 60000 Liabilities $2,300,000
$4,900,000
Dec. 31, 2017 Prepare journal entries to recognized Saw Assets
Investment in Saw $279,000 and Liabilities on Pat Corp. , if On January 2018,
Income from Saw $279,000 Saw financial position is as follows:
BV
Cash $108,000 Cash $1,200,000
Investment in Saw $108,000 Account Receivable $400,000
Inventory $140,000
Jan.3 2018 Other Current Assets $30,000
Investment in Saw $1,606,000 Land $1,800,000
Cash $1,606,000 Buildings (net) $2,156,000
Equipment (net) $204,000
Assets $8,640,000 Account Payable $100,000
Goodwill -$3,783,000 Loan Payable $1,500,000
Liabilities $2,300,000 Capital Stock par $10 $5,000,000
Investment in Saw $2,557,000 Paid in Capital $1,000,000
 Bargain purchase Gain Retained Earnings
$4,857,000 $4,857,000 Total Allocated to identifiable net assets
Net Assets 4,330,000
Fair Value/Purchase Price of 100% Acq 2,557,000 0
Fair Value of Saw's Net Assets 6,340,000 $4,330,000
Total Excess/(Deficit) of FV to BV (3,783,000)

Checking Err:504
 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 37500 stocks
Pat-BV Adjustment
Assets
Cash $1,200,000 $ 1,000,000
Account Receivable $400,000 $ 876,800
Inventory $140,000 $ 306,000
Other Current Assets $30,000 $ 836,000
Investment in Saw $2,557,000
Land $1,800,000 $ 244,000
Buildings (net) $2,156,000 $ 800,000
Equipment (net) $204,000 $ 510,000
Goodwill - ini disini kalo ada goodwill $ 330,200
Total Assets $8,487,000.00
Liabilities
Account Payable $100,000
Loan Payable $1,500,000
Owners'Equity
w and controlling Capital Stock par $10 $5,000,000
C'trol interest Paid in Capital $1,000,000
12% Retained Earnings $887,000
27% Gain in Bargain Purchase
27% Total Liabilities & Equity $8,487,000.00 $4,903,000
100%
Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.
on is as follows: Checking $1 1
MV
$8,640,000 cara cari retained earnings (from BV) menentukan goodwil atau gain dari market
$2,300,000 total assets before RE 8,487,000.00 net asset
$6,340,000 (Include invesment) investment
zed Saw Assets total liability and equity 7,600,000.00 goodwill/(gain)
January 2018, before RE jikalau nilai invesment > net assets maka ia
Retained Earnings 887,000.00 jikalau nilai invesment < net assets maka ia
MV Excess Allocated
1000000 (200,000)
876800 476,800
306000 166,000
836000 806,000
244000 (1,556,000)
800000 (1,356,000)
510000 306,000
1020000 920,000
1326000 (174,000)
dentifiable net assets (611,200)
2,226,800
0
urchase of Saw 37500 stocks
Adjustment Consolidated BS

$2,200,000
$1,276,800
$446,000
$866,000
$ 2,557,000 $0
$2,044,000
$2,956,000
$714,000
$330,200
$10,833,000

$ 1,020,000 $1,120,000
$ 1,326,000 $2,826,000

$5,000,000
$1,000,000
$887,000
$0
$4,903,000 $10,833,000

iary Saw Corp.

$1

entukan goodwil atau gain dari market value

$ 2,226,800
$ 2,557,000
$ 330,200
u nilai invesment > net assets maka ia goodwill
u nilai invesment < net assets maka ia gain
On Jan. 3, 2016 Pat own 90 % at $70/share. At the end of 2016 Saw
reported $1500 000 income and paid dividend $300000. On April, 30 2017 Pat bought 10% shares
of Saw common stock at $ 15. Saw reported 2017 income of $1350 000 and paid dividend $5/share.
All remaining Saw's shares were bought by Pat on Jan. 3, 2018 at $17/share. Saw stocks were initially
sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000

Shares Acquired Monthly Hold % Acquired Shares MV

15000 12 15% 12
10000 8 10% 15
75000 75% 17

Income Dvdn/Share Dvdn Total

End 2016 1500000 3 300000
End 2017 1350000 5 500000

BV MV
Cash 1200000 1000000
Account Receivable 200000 876800
Inventory 400000 306000
Other Current Assets 36750 836000
invesment in saw 1,727,500
Land 1800000 244000
Buildings (net) 2156000 800000
Equipment (net) 204000 510000
Account Payable 100000 1020000
Loan Payable 870000 1326000
Capital Stock par $10 5000000
Paid in Capital 1000000
Retained Earnings
total liability and equity
(E11*F11*G11)+(E12*G11*F12)-(E11*G11*E16)+(((E11*D11/12)+(E12*D12/12))*D17)-((E11+
t 10% shares
dend $5/share.
ks were initially

Total Share
100000

adjustment consilidated statement

1000000
876800
306000
836000
1,727,500
244000
800000
510000
1020000
1326000

2)+(E12*D12/12))*D17)-((E11+E12)*E17*G11)+(E13*G11*F13)