Nama : Sahrinda Yuniawati

NIM : 20/454811/EK/22775

Tugas 2 Akuntansi Keuangan Lanjutan

Exercise 2-5
On January 1, Henry PLC purchased 5,000 out of 20,000 of Atah PLC’s outstanding common
stock for $29,000,000. Atah PLC shareholders’ equity for the period was $100,000,000 at that
date. The information regarding the difference between the book value and the fair value of
Atah PLC’s assets and liabilities on January 1 was as follows:
• Inventory (sold in the current year) was overvalued by $4,000,000.
• Equipment with a remaining useful life of 10 years was undervalued by $24,000,000.
• Notes payable due in 5 years was undervalued by $8,000,000.
Calculate goodwill from Henry PLC’s investment in Atah PLC.

Persentase saham yang dibeli:

5,000 shares / 20,000 outstanding shares x 100% = 25%
Karena saham yang dibeli adalah 25%, maka Henry PLC memiliki significant influence,
sehingga menggunakan equity method.

Investment in Atah PLC $29,000,000

Book value of the interest acquired (25% x $100,000) $25,000,000
Total excess of cost over book value acquired $4,000,000

Overvalued inventory ($4,000,000 x 25%) ($1,000,000)

Undervalued equipment ($24,000,000 x 25%) $6,000,000
Undervalued notes payable ($8,000,000 x 25%) ($2,000,000)
Total assigned to identifiable net assets $3,000,000
Goodwill $1,000,000
Total excess of cost over book value acquired $4,000,000

Jadi, goodwill yang didapatkan oleh Henry PLC adalah $1,000,000

Exercise 2-12
The stockholders’ equity of Sun Corporation at December 31, 2016, was $380,000, consisting
of the following (in thousands):
Capital stock, $10 par (24,000 shares outstanding) $240
Additional paid-in capital 60
Retained earnings 80
Total stockholders’ equity $380
On January 1, 2017, Sun Corporation, which was in a tight working capital position, sold
12,000 shares of previously unissued stock to Pam Corporation for $250,000. All of Sun’s
identifiable assets and liabilities were recorded at fair values on this date except for a building
with a 10-year remaining useful life that was undervalued by $60,000. During 2017, Sun
Corporation reported net income of $120,000 and paid dividends of $90,00 0.

Prepare all journal entries necessary for Pam Corporation to account for its investment in Sun
for 2017.
Stockholder’s equity of Sun Corporation at December 31, 2016 $380,000
Sale 12,000 shares of previously unissued stock to Pam Corp. $250,000
Stockholder’s equity of Sun Corporation at January 1, 2017 $630,000

Sun Corporation shares outstanding: 24,000 + 12,000 = 36,000

Presentase saham yang dibeli: 12,000 / 36,000 = 33,3%

Jadi, menggunakan equity method

Invetment in Sun Corporation $250,000

Book value of the interest acquired (33,3% x 630,000) $209,790
Total excess cost over book value acquired $40,210

Undervalued building (33.3% x $60,000) $19,980

Goodwill $20,230
Total excess cost over book value acquired $40,210

Depreciation cost of building $1,998

Journal entries necessary for Pam Corporation to account for its investment in Sun
for 2017
January 1, 2017
Invetment in Sun Corporation $250,000
Cash $250,000
(Untuk mencatat pembelian saham / akuisisi Sun Corporation)

December 31, 2017

Cash (33,3% x $90,000) $29,970
Investment in Sun $29,970
(Untuk mencatat penerimaan dividen dari Sun)
 December 31, 2017
Investment in Sun (33,3% x $120,000 - $2,000) $37,960
Income from Sun $37,960
(Untuk mencatat equity income dari Sun)

Jika Book value of the interest acquired dibulatkan menjadi 210,000. Maka perhitungannya
adalah sebagai berikut:
Invetment in Sun Corporation $250,000
Book value of the interest acquired (33,3% x 630,000) $210,000*
Total excess cost over book value acquired $40,000

*dibulatkan

Undervalued building (33.3% x $60,000) $20,000

Goodwill $20,000
Total excess cost over book value acquired $40,000

Depreciation cost of building $2,000

Journal entries necessary for Pam Corporation to account for its investment in Sun
for 2017
January 1, 2017
Invetment in Sun Corporation $250,000
Cash $250,000
(Untuk mencatat pembelian saham / akuisisi Sun Corporation)

December 31, 2017

Cash (33,3% x $90,000) $30,000
Investment in Sun $30,000
(Untuk mencatat penerimaan dividen dari Sun)

December 31, 2017

Investment in Sun (33,3% x $120,000 - $2,000) $38,000
Income from Sun $38,000
(Untuk mencatat equity income dari Sun)
Problem 2- 5

Pop Corporation paid $1,680,000 for a 30 percent interest in Son Corporation’s outstanding
voting stock on January 1, 2016. The book values and fair values of Son’s assets and liabilities
on January 1, along with amortization data, are as follows (in thousands):

Son Corporation reported net income of $1,200,000 for 2016 and paid dividends of $600,000.
1. Prepare a schedule to allocate the investment fair values/book value differentials
relating to Pop’s investment in Son.

Investment in Sun $1,680,000

Book value of the interest acquired (30% x $3,900,000*) ($1,170,000)
Total excess cost over book value acquired $510,000

*Capital Stock ($3,000,000) + retained earnings ($900,000) = $3,900,000

Amount
Book value Fair Value FV - BV interest assigned
Inventories 1,000,000 1,200,000 200,000 30% 60,000
Land 900,000 1,700,000 800,000 30% 240,000
Building 1,500,000 2,000,000 500,000 30% 150,000
Equipment 1,200,000 500,000 (700,000) 30% (210,000)
Bonds payable 1,000,000 1,100,000 100,000 30% (30,000)
Total assigned to identifiable
net assets 210,000
Goodwill 300,000
Total excess cost over book
value acquired 510,000

2. Calculate Pop’s income from Son for 2016.

Son’s Income (30% x $1,200,000) $360,000
Inventory ($60,000)
Building – net ($150,000 / 10 years) ($15,000)
Equipment – net ($210,000 / 7 years) $30,000
 Bonds payable ($30,000 / 5 years) $6,000
Total investment income from Son $321,000

3. Determine the balance of Pop’s Investment in Son account at December 31, 2016.
Initial cost $1,680,000
Dividends ($600,000 x 30%) ($180,000)
Investment costs $321,000
Ending balance $1,821,000