TUGAS AKL 1 TM 1

Chapter 1 – Business Combinations

P1-1
Acquisition Journal Entries
Jurnal 1 (untuk mencatat terjadinya akuisisi):
Investement in Sung 11,000,000
Common Stock, $10par 5,000,000
Additional Paid in Capital 5,000,000
Cash 1,000,000
Investment Cost  11,000,000 < FV Net Assets  13,300,000
Gain from Bargain Purchase  2,300,000
Jurnal 2 (untuk mengeliminasi investment in Sung/ untuk mengalokasikan investment cost
pada asset yang diperoleh dan liabilitas yang diambil alih dari Sung Ltd.):
Cash 2,000,000
Trade Receivables 600,000
Inventories 3,000,000
Prepaid Expenses 1,000,000
Land 6,800,000
Building-net 10,100,00
Equipment-net 3,000,000
Trade Payable 1,500,000
Notes Payable 4,600,000
Bonds Payable 7,100,000
Investment in Sung 11,000,000
Gain from Bargain purchase 2,300,000
P1-4
Bargain purchase, allocation schedule, and balance sheet
1. Prepare a schedule to show how the investment cost is allocated to identifiable assets
and liabilities.
Note Payable = $250,000 - $50,000 = $200,000
Investment Cost  $250,000 < FV Net Assets  $300,000
Gain from Bargain Purchase  50,000
Allocation:
Cash 40,000
Receivables-net 30,000
Inventories 100,000
Land 50,000
Buldings-net 100,000
Equipment 75,000
AP (50,000)
Other Liabilities (45,000)
Gain from Bargain Purchase (50,000)
TOTAL $250,000

2. Prepare a balance sheet for Pablo Corporation on January 1, 2017, immediately after
the acquisition.
Balance Sheet After the Acquisition
Assets
Cash $100+$40-$50 =$90
Receivables-net 50+30=80
Inventories 130+100=230
Land 50+50=100
Buildings-net 150+100=250
Equipment-net 100+75=175
Total Assets $925

Liabilities and Equity

AP $80+$50=$130
Other Liabilities 100+45=145
Note Payable 200
Common Stock, $10par 200
Other paid-in capital 100
RE 100+50=150
Total Liabilities and Equity $925