Nurlaily Septyahaqi

F1320061
S1 Akuntansi Transfer – Kelas A
AKUNTANSI KEUANGAN LANJUTAN II
LATIHAN 3 P11-2

Income from Tod (50% x $30,000) $ 15,000

Investment in Tod – beginning $300,000

Income from Tod $ 15,000
Investment in Tod – ending $315,000

Venture capital – beginning $600,000

Tod's net income $ 30,000
Venture capital – ending $630,000

Proportional Consolidation Workpaper

For the year end December 31, 2014

Pus Tod Proportionate

Consolidation
Income Statement
Revenue
Sales $ 300,000 $ 130,000 $ 365,000
Income from Tod $ 15,000 $ 15,000
Total revenue $ 315,000 $ 130,000 $ 380,000
Expenses including COGS $(100,000) $(100,000) $(150,000)
Net income $ 215,000 $ 30,000 $ 230,000

Balance Sheet
Other assets $ 800,000 $680,000 $1,140,000
Investment in Tod $ 315,000 $ 315,000
Total assets $1,115,000 $680,000 $1,455,000
Other liabilities $120,000 $ 50,000 $ 145,000
Common stock $500,000 $ 500,000
Retained earnings $495,000 $ 500,000
Venture Capital $630,000 $ 315,000
Total Liabilities and Equity $ 1,115,000 $680,000 $1,455,000