REMEASUREMENT

Historical 1.5 HASIL SELISIH DARI TRANSLANSI OCI MASUK KE BALACE SHEE
Current 1.45 HASIL SELISIH DARI REMEASUREMENT EXCHANGE MASUK KE IN
Average 1.45 TUGAS :
Devidend 1.42 TRANSAKSI APA SAJA YANG MASUK KE OCI (PSAK 1)

Income From Subsidiary

Net Income 102,600.00
Amortisasi
Patent amortization 15,000.00
Income From Subsidiary 87,600.00
Jurnal Eliminasi :
SUK KE BALACE SHEET
XCHANGE MASUK KE INCOME STATEMENT

OCI (PSAK 1)
Investasi ###
NABV £800,000.00 1.4 ###
EXCESS 0.0
Par of Chicago mengakuisisi seluruh capital stock yang beredar dari Sar of London pada tanggal 1 Januari 2016, dengan
harga $1.120.000. Nilai tukar poundsterling Inggris adalah $1,40 dan stockholders’ equitySar adalah £800.000, yang terdiri
dari £500.000 capital stock dan £300.000 retained earnings. Mata uang fungsional Sar adalah dolar AS. Nilai tukar untuk
poundsterling Inggris untuk tahun 2016 adalah sebagai berikut:
Current rate January 1, 2016 $1.40
Current rate December 31, 2 $1.50
Average exchange rate for 2 $1.55
Exchange rate for dividends $1.54

Beban pokok penjualan Sar terdiri dari persediaan barang dagang sebesar £200.000 pada tanggal 1
Januari 2016, dan pembelian sebesar £600.000 dikurangi dengan persediaan barang dagang
sebesar £150.000 pada tanggal 31 Desember 2016, yang diperoleh dengan nilai tukar $1,68.
Seluruh aset pabrik Sar telah tersedia ketika Par mengakuisisi Sar, dan biaya-biaya lain Sar telah
dibayar secara tunai atau terkait dengan hutang usaha.
Sar’s adjusted trial balance at December 31, 2016, in British pounds is as follows:
Debit British pounds Exchange Rate U.S. Dollars
Cash £50,000 1.50 C £75,000
Account Receivable £200,000 1.50 C £300,000
Short-term note receivable £50,000 1.50 C £75,000
Inventories £150,000 1.40 H £210,000
Land £300,000 1.40 H £420,000
Buildings—net £400,000 1.40 H £560,000
Equipment—net £500,000 1.40 H £700,000
Cost of sales £650,000 1.68 * £1,092,000
Depreciation expense £200,000 1.40 H £280,000
Other expenses £400,000 1.55 A £620,000
Dividends £100,000 1.54 * £154,000
Exchange Loss on Remeasu £9,000 £4,486,000
£3,000,000 £4,495,000

Credits
Accounts payable £180,000 1.50 C £270,000
Bonds payable—10% £500,000 1.50 C £750,000
Bond interest payable £20,000 1.50 C £30,000
Capital stock £500,000 1.40 H £700,000
Retained earnings £300,000 * £420,000
Sales £1,500,000 1.55 A £2,325,000
£3,000,000 £4,495,000
Cost of Sales :
Inventory awal £200,000
Pembelian £600,000
Inventory akhir -£150,000
Cost of sales £650,000
Kurs 1.68
Cost of sales $1,092,000
 $112,000.00 0.7 160000
$112,000.00 NABV = $112,000.00
Excess $0.00

Debits NZ D USD
Cash 15,000 C 0.65 9,750.00
Accounts receivable—net 60,000 C 0.65 39,000.00
Inventories 30,000 H 0.66 19,800.00
Prepaid expenses 10,000 H 0.7 7,000.00
Land 45,000 H 0.7 31,500.00
Equipment 50,000 H 0.7 41,800.00
10,000 H 0.68
Cost of sales 120,000 H 79,200.00
Depreciation expense 12,000 H 0.7 8,360.00
Other operating expenses 28,000 H&A 19,000.00
Dividends 20,000 dividend 0.66 13,200.00
Exhange Loss 4,450.00
400,000 273,060.00 268,610.00

Credits
Accumulated depreciation 22,000.00 H 15,360.00
Accounts payable 18,000 18,000.00 C 0.65 11,700.00
Capital stock 150,000 150,000.00 H 0.7 105,000.00
Retained earnings 10,000 10,000.00 H 0.7 7,000.00
Sales 200,000 200,000.00 A 0.67 134,000.00
400,000.00 273,060.00

NO 1
NO. 2 Inventory Awal 50,000
Purchase 100,000
Inventory Akhi 30,000
120,000
Kurs 0.66
79,200

No. 3 Depre 50000 0.7 35000 20% 7000

10000 0.68 6800 20% 1360

Accumulated Depr
Awal 10,000 0.7 7,000
terpakai depr 12,000 8,360
 15,360
Other operating expenses
Supplies 8000 0.7 5,600
20000 0.67 13,400
19,000
P 14-8
Parent accounting and consolidation under translation
PWA Corporation paid $1,710,000 for 100 percent of the stock of SAA Corporation on
January 1, 2016, when the stockholders’ equity of SAA consisted of 5,000,000 LCU
capital stock and 3,000,000 LCU retained earnings. SAA’s functional currency is the
local currency unit, and any cost/ book value differential is attributable to a patent with
a 10-year amortization period.
Pada tanggal 1 Juli 2016, PWA membayar uang muka sebesar $333.000 (1.800.000
LCU) kepada SAA pada saat nilai tukar adalah $0,185. Uang muka tersebut bersifat
jangka pendek dan dalam mata uang dolar AS.
Relevant exchange rates for LCUs for 2016 are as follows:
Rate at acquisition on January 1 0.190
Rate applicable to the advance on July 1 0.185
Rate applicable to dividends on September 0.185
Average rate for the year 0.185
Current rate at December 31 0.180

A translation worksheet for SAA’s adjusted trial balance at December 31, 2016, is as follows:
LCUs Exchange Rate U.S. Dollars
Debits
Cash 550,000 0.180 C 99,000
Account receivable - net 500,000 0.180 C 90,000
Inventories 1,500,000 0.180 C 270,000
Land 1,600,000 0.180 C 288,000
Equipment - net 3,000,000 0.180 C 540,000
Buildings - net 5,000,000 0.180 C 900,000
Expenses 4,000,000 0.185 A 740,000
Exchange loss (advance) 50,000 0.185 A 9,250
Dividends 1,000,000 0.185 Dividend 185,000
Equity adjusment from translation 84,750
17,200,000 3,206,000 3,121,250
Credits
Account Payable 750,000 0.180 C 135,000
Other liabilities 600,000 0.180 C 108,000
Advance from PWA 1,850,000 0.180 C 333,000
(short-term)
Capital stock 5,000,000 0.190 H 950,000
Retained earnings Jan 1 3,000,000 0.190 H 570,000
Sales 6,000,000 0.185 A 1,110,000
17,200,000 3,206,000

Financial statements for PWA and SAA at and for the year ended December 31, 2016,
are summarized as follows:
PWA SAA
Combined Income and Retained Earnings Statement for the Year Ended December 31, 2016
Sales 569,500 1,110,000
Income from SAA 342,250
Expenses -400,000 -740,000
Exchange loss -9,250
Net Income 511,750 360,750
Add : Beginning retained ear 856,500 570,000
Less : Dividends -300,000 -185,000
Retained Earning December 1,068,250 745,750

Balance Sheet at December 31, 2016

Cash 90,720 99,000.00
Account receivable - net 128,500 90,000.00
Advance to SAA 333,000
Inventories 120,000 270,000.00
Land 100,000 288,000.00
Equipment—net 600,000 540,000.00
Buildings—net 300,000 900,000.00
Investment in SAA 1,773,000
3,445,220.00 2,187,000.00
Account Payable 162,720 135,000.00
Advance from PWA 333,000.00
Other liabilities 308,500 108,000.00
Common stock 2,000,000 950,000.00
Retained earnings 1,068,250 745,750.00
Equity adjustment from transl -94,250 -84,750.00
3,445,220 2,187,000

Investasi = 1,710,000
NABV = 1,520,000
Excess = 190,000
Patent 190,000
Amor Patent 19,000

LCUs Exchange RateU.S. Dollars

Beginning Pate 1,000,000 0.190 190,000
Amortisasi 100,000 0.185 18,500
900,000 171,500
Equity Adjusment 9,500 Loss
Ending Patent 900,000 0.180 162,000

Investasi Awal 1,710,000.00

Net Income 360,750.00
Dividend -185,000.00
Patent Amortisasi -18,500.00
Unre translation loss on pate -9,500.00
Unre Loss on translation -84,750.00
Investasi Akhir 1,773,000.00

Jurnal Eliminasi
A. Income from subsidiary 342,250.00
Dividend 185,000.00
Invesment in subsidiary 157,250.00

B Capital stock 950,000

RE 570,000
Patent 180,500
Invesment in subsidiary 1,615,750
Equity adjustment — SAA 84,750

C Expense 18,500
Patent 18,500

D Advanve SAA $333,000

Advance PWA $333,000

Journal entries to account for the investment in SAA

### Invesment in SAA $1,710,000
Cash $1,710,000
(Pembelian saham SAA dengan uang tunai)
July 1, 2016 Advance to SAA $333,000
Cash $333,000
(Uang muka jangka pendek ke SAA dalam mata uang dolar)
Cash $185,000
Invesment in SAA $185,000
(Receipt of dividends when exchange rate is $0.185)
December 31,Invesment in SAA $276,000
Equity adjusment from translation $84,750
Income from SAA 360,750.0
 (Record equity in income of SAA)
Income from SAA $18,500
Equity adjusment from translation $9,500
Invesment in SAA $28,000

PWA Corporation and Subsidiary

Consolidation Working Papers
for the year ended December 31, 2016
Consolidated
PWA SAA Adjustments and Eliminations
Statements
Income Statement
Sales 569,500.00 1,110,000.00 1,679,500.00
Income from SAA 342,250.00 342,250.00
Expense -400,000.00 -740,000.00 18,500.00 -1,158,500.00
Exchange Loss -9,250.00 -9,250.00
Net income 511,750.00 360,750.00 511,750.00
Retained Earnings
Retained earnings — PWA 856,500.00 856,500.00
Retained earnings — SAA 570,000.00 570,000.00 0.00
Net Income 511,750.00 360,750.00 511,750.00
Dividends -300,000.00 -185,000.00 185,000.00 -300,000.00
Retained earnings
December 31, 2011 1,068,250.00 745,750.00 1,068,250.00
Balance Sheet
Cash 90,720 99,000.00 189,720.00
Account receivable - net 128,500 90,000.00 218,500.00
Advance to PWA 333,000 333,000.00 0.00
Inventories 120,000 270,000.00 390,000.00
Land 100,000 288,000.00 388,000.00
Equipment—net 600,000 540,000.00 1,140,000.00
Buildings—net 300,000 900,000.00 1,200,000.00
Investment in SAA 1,773,000 157,250.00 0.00
1,615,750.00
Patent 180,500.00 18,500.00 162,000.00
3,445,220.00 2,187,000.00 3,688,220.00

Account Payable 162,720 135,000.00 297,720.00

Advance from SAA 333,000.00 333,000.00 0.00
Other liabilities 308,500 108,000.00 416,500.00
Common stock 2,000,000 950,000.00 950,000.00 2,000,000.00
Retained earnings 1,068,250 745,750.00 1,068,250.00
Equity adjustment from transl -94,250 -84,750.00 84,750.00 -94,250.00
3,445,220.00 2,187,000.00 3,688,220.00
nsolidated
tatements