Nama : Hanifah Nabilah Ginting

NIM : 7183220030
Kelas : Akuntansi A / 2018
Dosen : Dr Chandra Situmeang SE., MSM., MPd., Ak., CA.

TR-1 AKUNTANSI KEUANGAN LANJUTAN

P5-32 Consolidation Worksheet at End of First Year of Ownership
Power Corporation acquired 75 percent of Best Company’s ownership on January 1,
20X8, for $96,000. At that date, the fair value of the noncontrolling interest was $32,000.
The book value of Best’s net assets at acquisition was $100,000. The book values and fair
values of Best’s assets and liabilities were equal, except for Best’s buildings and
equipment, which were worth $20,000 more than book value. Buildings and equipment are
depreciated on a 10-year basis.
Although goodwill is not amortized, the management of Power concluded at December
31, 20X8, that goodwill from its purchase of Best shares had been impaired and the correct
carrying amount was $2,500. Goodwill and goodwill impairment were assigned
proportionately to the controlling and noncontrolling shareholders.
Trial balance data for Power and Best on December 31, 20X8, are as follows:
  Power Corporation   Best Company
Item Debit Credit   Debit Credit
Kas $ 47,500 $ 21,000
Piutang 70,000 12,000
Persediaan 90,000 25,000
Tanah 30,000 15,000
Gedung & Peralatan 350,000 150,000
Investasi Saham terbaik Co. 96,375
Harga Pokok Penjualan (HPP) 125,000 110,000
Biaya Gaji 42,000 27,000
Biaya Penyusutan 25,000 10,000
Biaya Bunga 12,000 4,000
Beban lain-lain 13,500 5,000
Dividen tunai 30,000 16,000
Akumulasi Penyusutan $145,000 $40,000
Utang 45,000 16,000
Utang Gaji 17,000 9,000
Wesel 150,000 50,000
Saham 200,000 60,000
Laba ditahan 102,000 40,000
Penjualan 260,000 180,000
Laba Perusahaan 12,375
$ 931,375 $ 931,375 $395,000 $395,000
 Required
a. Give all elimination entries needed to prepare a three-part consolidation worksheet as of
December 31, 20X9.
b. Prepare a three-part consolidation worksheet for 20X9 in good form.
c. Prepare a consolidated balance sheet, income statement, and retained earnings statement
for 20X9.
P5-33 Consolidation Worksheet at End of Second Year of Ownership
This problem is a continuation of P5-32. Power Corporation acquired 75 percent of
Best Company’s ownership on January 1, 20X8, for $96,000. At that date, the fair value of
the noncontrolling interest was $32,000. The book value of Best’s net assets at acquisition
was $100,000. The book values and fair values of Best’s assets and liabilities were equal,
except for Best’s buildings and equipment, which were worth $20,000 more than book
value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is
not amortized, the management of Power concluded at December 31, 20X8, that goodwill
from its purchase of Best shares had been impaired and the correct carrying amount was
$2,500. Goodwill and goodwill impairment were assigned proportionately to the controlling
and noncontrolling shareholders. No additional impairment occurred in 20X9. Trial balance
data for Power and Best on December 31, 20X9, are as follows:
  Power Corporation   Best Company
Item Debit Credit   Debit Credit
Kas $ 68,500 $ 32,000
Piutang 85,000 14,000
Persediaan 97,000 24,000
Tanah 50,000 25,000
Gedung & Peralatan 350,000 150,000
Investasi Saham terbaik Co. 106,875
Harga Pokok Penjualan (HPP) 145,000 114,000
Biaya Gaji 35,000 20,000
Biaya Penyusutan 25,000 10,000
Biaya Bunga 12,000 4,000
Beban lain-lain 23,000 16,000
Dividen tunai 30,000 20,000
Akumulasi Penyusutan $ 170,000 $ 50,000
Utang 51,000 15,000
Utang Gaji 14,000 6,000
Wesel 150,000 50,000
Saham 200,000 60,000
Laba ditahan 126,875 48,000
Penjualan 290,000 200,000
Laba Perusahaan 25,500
$ 1,027,375 $ 1,027,375 $ 429,000 $ 429,000
Required
a. Give all elimination entries needed to prepare a three-part consolidation worksheet as of
December 31, 20X9.
b. Prepare a three-part consolidation worksheet for 20X9 in good form.
c. Prepare a consolidated balance sheet, income statement, and retained earnings statement
for 20X9.