Nama : Elisabet Siregar

NIM : 023001801106

Tugas AKL 1

E9-8 Multilevel Ownership

a.Consolidated net income for 20X6 is $190,000 ($90,000 + $40,000+ $60,000)

b. Income of $36,800 is assigned to the non controlling interest:

Income from Dally ($40,000 x 0.35) $14,000

Income from Latent [($60,000 + $16,000) x 0.30] 22,800
Total income assigned to noncontrolling interest
$36,800

c.Income of $153,200 is assigned to the controlling interest:

Consolidated net income $190,000
Less: Income assigned to noncontrolling interest (36,800)

Income assigned to controlling interest $153,200

d.Only the $45,000 of dividends paid by Grasper Corporation to its shareholders

will be reported as dividends declared in Grasper’s 20X6 consolidated retained earnings
statement.

E9-13 Sale of Subsidiary Shares by Parent

a.Investment in Acme Concrete, January 1, 20X5:
Purchase price $360,000
Acme net income in 20X3 and 20X4
$100,000
Dividends paid by Acme in 20X3 and 20X4
(40,000)

$60,000
Proportion of stock held by Stable
x 0.80
48,000
Balance prior to sale of shares
$408,000
b.Journal entry recorded by Stable Home Builders for sale of shares:
Cash120,000
Investment in Acme Stock102,000
Additional Paid-in Capital18,000
($102,000 = $408,000 x 4,000 / [($200,000 / $10) x 0.80])
 NCI + Stable = Common + Retained
40% 60% Stock Earnings
Original book value 204.000 306.000 200.000 310.000
(+) Net Income 20.000 30.000 50.000
(-) Dividend (8.000) (12.000) (20.000)
Ending Book Value 216.000 324.000 200.000 340.000

Common Stock 200.000

Retained Earnings 310.000
Income From Acme 30.000
NCI in NI Acme 20.000
Dividend declared 20.000
Investment in Acme 324.000
NCI in NA of Acme 216.000