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  • M. Aqsal Indra S. - Tugas Week 6

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    Aqsal Indra
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    This document contains consolidated financial statements for Pam and Sun, including income statements, retained earnings statements, and balance sheets. It shows adjustments made to combine the financial results of the two entities, including eliminating unrealized profits on inventory held by one entity but owned by the other. It also contains a separate schedule calculating the consolidated net income for Pam and its 75% owned subsidiary Sun for the years 2016-2018, factoring in unrealized profit adjustments and the non-controlling interest share of Sun's net income.

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    041911333158_M. Aqsal Indra S._Tugas Week 6

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    This document contains consolidated financial statements for Pam and Sun, including income statements, retained earnings statements, and balance sheets. It shows adjustments made to combine the financial results of the two entities, including eliminating unrealized profits on inventory held by one entity but owned by the other. It also contains a separate schedule calculating the consolidated net income for Pam and its 75% owned subsidiary Sun for the years 2016-2018, factoring in unrealized profit adjustments and the non-controlling interest share of Sun's net income.

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    © All Rights Reserved
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    27 views2 pages

    M. Aqsal Indra S. - Tugas Week 6

    Uploaded by

    Aqsal Indra
    This document contains consolidated financial statements for Pam and Sun, including income statements, retained earnings statements, and balance sheets. It shows adjustments made to combine the financial results of the two entities, including eliminating unrealized profits on inventory held by one entity but owned by the other. It also contains a separate schedule calculating the consolidated net income for Pam and its 75% owned subsidiary Sun for the years 2016-2018, factoring in unrealized profit adjustments and the non-controlling interest share of Sun's net income.

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    © All Rights Reserved
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    of 2

    Muhammad Aqsal Indra Syukur 041911333158

    P5-1
    Pam Sun Adjustment Consolidation
    Debit Credit Statements
    Income Statements
    Sales 13.000 6.500 800 18.700
    Income from Sun 864 864 -
    Cost of Sales (8.000) (3.900) 160 920 (11.140)
    Other Expenses (3.400) (1.600) (5.000)
    NCI Share (96) (96)
    Net Income 2.464 1.000 2.464

    Beginning retained earnings 3.692 1.500 1.500 3.692


    Net Income 2.464 1.000 2.464
    Less : Dividend (1.000) (500) 500 (1.000)
    Retained Earnings Dec 31 5.156 2.000 5.156

    Balance Sheet Dec 31


    Cash 1.000 200 1.200
    Receivables-net 2.000 500 2.500
    Inventories 2.400 1.000 160 3.240
    Plant Assets 2.500 4.800 7.300
    Investment in Sun 4.356 108 4.464 -
    Total Assets 12.256 6.500 14.240

    Account Payable 1.500 900 2.400


    Other Liabilities 600 600 1.200
    Common Stock 5.000 3.000 3.000 5.000
    Retained Earnings 5.156 2.000 5.156
    NCI Jan 1 12 450 438
    NCI Dec 31 46 46

    Total Liabilities and 12.256 6.500 6.540 6.540 14.240


    Equities
    Muhammad Aqsal Indra Syukur 041911333158

    P5-4
    2016 2017 2018
    1. Pop’s income from Son (75% of Son) 3.900.000 4.050.000 3.150.000
    Unrealized profit Dec 31, 2016 (1.200.000) 1.200.000
    Unrealized profit Dec 31, 2017 (900.000) 900.000
    Pop’s income from Son 2.700.000 4.350.000 4.050.00

    2016 2017 2018


    2. Pop’s separate net income 21.600.000 20.400.000 24.000.000
    Add Income from Son 2.700.000 4.350.000 4.050.000
    Pop’s Net Income 24.300.000 24.750.000 28.050.000

    2016 2017 2018


    3. Separate Income 24.300.000 24.750.000 28.050.000
    Unrealized profit Dec 31, 2016 (1.200.000) 1.200.000
    Unrealized profit Dec 31, 2017 (1.200.000) 1.200.000
    Total Consolidated Income 23.100.000 24.750.000 29.250.000
    Less : NCI Share
    2016 (1.200.000)
    2017 (1.050.000)
    2018 (1.350.000)
    Controlling share of Net Income 21.900.000 23.700.000 27.900.000

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