Preliminary computations:

Price to acquire 90% percent interest

of Piero SAA $3,600,000
Implied fair value of Piero SAA
($3,600,000 / 90%) $4,000,000
Piero SAA’s stockholders’ equity at
January 1 $3,800,000
Goodwill $ 200,000 c
Income from Piero SAA’s for the
first quarter $ 225,000
(90% x ($4,500,000 - $2,800,000 -
$700,000) x 3 / 12)
Income from Piero SAA’s for the
last three quarters $ 525,000
(70% x ($4,500,000 - $2,800,000 -
$700,000) x 9 / 12)
Income from Piero SAA for 2014
a
($225,000 + $525,000) $ 750,000
Noncontrolling interest share for the
first quarter: $ 25,000
(10% x ($4,500,000 - $2,800,000 -
$700,000) x 3 / 12)
Noncontrolling interest share for the
last three quarters:$ 225,000
(30% x ($4,500,000 - $2,800,000 -
$700,000) x 9 / 12)
Noncontrolling interest share for
2014 $ 250,000 b
Investment in Piero SAA before
adjustment $2,835,000
Add: Income from Piero SAA for the
las three quarters $ 525,000
Adjusted investment in Piero SAA
$3,360,000
Noncontrolling interest January 1:
10% of Implied fair value of Piero
SAA at January 1 $ 400,000 c
Noncontrolling interest March 31
20% of implied fair value of Piero
SAA at March 31 $ 850,000 c
(20% x ($4,000,000 + $250,000))
NAMA : MUH.SYUKUR
NIM : A031191077
MATA KULIAH : AKUNTANSI KEUANGAN LANJUTAN II
TUGAS : Kasus Pertemuan 11

P 8-3
Preliminary computations:
Price to acquire 90% percent interest of Piero SAA $3,600,000
Implied fair value of Piero SAA ($3,600,000 / 90%) $4,000,000
Piero SAA’s stockholders’ equity at January 1 $3,800,000
Goodwill $ 200,000 c
Income from Piero SAA’s for the first quarter $ 225,000
(90% x ($4,500,000 - $2,800,000 - $700,000) x 3 / 12)
Income from Piero SAA’s for the last three quarters $ 525,000
(70% x ($4,500,000 - $2,800,000 - $700,000) x 9 / 12)
Income from Piero SAA for 2014 ($225,000 + $525,000) $ 750,000 a
Noncontrolling interest share for the first quarter: $ 25,000
(10% x ($4,500,000 - $2,800,000 - $700,000) x 3 / 12)
Noncontrolling interest share for the last three quarters: $ 225,000
(30% x ($4,500,000 - $2,800,000 - $700,000) x 9 / 12)
Noncontrolling interest share for 2014 $ 250,000 b
Investment in Piero SAA before adjustment $2,835,000
Add: Income from Piero SAA for the las three quarters $ 525,000
Adjusted investment in Piero SAA $3,360,000

Noncontrolling interest January 1:

10% of Implied fair value of Piero SAA at January 1 $ 400,000 c
Noncontrolling interest March 31
20% of implied fair value of Piero SAA at March 31 $ 850,000 c
(20% x ($4,000,000 + $250,000))