Nama : Nurul Aryani

NIM : 43218120075
Akuntansi Keuangan Lanjutan 1

Forum 1

Soal 1
Arn, Bev and Car are partners who share profits and losses 40:40:20, respectively. After Bev, who manages the
partnership, receives a bonus of 10 percent of income, net of the bonus. Partnership income for the year is $198,000.
REQUIRED : Prepare a schedule to allocate partnership income to Arn, Bev and Car.

Answer :

B = 10% X ($198,000 - B)
B = $19,800 - 0.1 B
1.1 B = $19,800
B = $18,000
schedule to allocate partnership income to Arn, Bev and Car.
Arn Bev Car Total
Net Income 198,000
Bonus to Bev (18,000) 18,000 18,000
Reminder to devide 180,000
Divided 40:40:20 (180,000) 72,000 72,000 36,000 180,000
Reminder to devide 0
Income allocation 72,000 90,000 36,000 198,000

Soal 2
Mel and Dav created a partnership to own and operate a health-food store. The partnership agreement provided
that Mel receive a salary of $5,000 to recognize their relative time spent in operating the store. Remaining profits
and losses were devided 60:40 to Mel and Dav, respectively. Income of $13,000 for 2011, the first year of operations,
was allocated $8,800 to Mel and $4,200 to Dav.

On January 1, 2012, the partnership agreement was changed to reflect the fact that Dav could no longer devote any
time the store’s operations. The new agreement allows Mel a salary of $18,000, and the remaining profits and losses
are divided equally. In 2012, an error was discovered such that the 2011 reported income was understated by $4,000.
The partnership income of $25,000 for 2012 included this $4,000 related to 2011.

REQUIRED : Prepare a schedule to allocate the $25,000 reported 2012 partnership income to Mel and Dav.

Answer :

Mel Dav Total

Net Income 2012 21,000
Salary allowances (18,000) 18,000 18,000
Remider to devide 3,000
Divided 60:40 (3,000) 1,800 1,200 3,000
Remider to devide 0
Income alocation 19,800 1,200 21,000

Mel Dav Total

Net income understatement 2011 4,000
Divided 60:40 (4,000) 2,400 1,600 4,000
Reminder to devide 0
Income allocation 2,400 1,600 4,000