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Akuntansi Keuangan Lanjutan 1
UTS Semester Gasal 2014/2015
MOdul JAwaban KOEliah
MOJAKOE
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1.a.

ANSWERS for PROBLEM 1:
1. Journal entries for business combination
Merger Expense Rp 19,000.00 Cash Rp 19,000.00
Merger Expense is calculated from finder's fee and legal fees, all in relation to the merger
2. Record stock issuance
Deferred stock issue cost 9000 Cash 9000
3. Record THE merger
Cash Rp 60,000.00 Accounts Receivable Rp 100,000.00 Inventory Rp 115,000.00 Land Rp 70,000.00 Building & Equipment Rp 350,000.00 Bond discount* Rp 20,000.00 Goodwill* Rp 215,000.00
Accounts Payable Rp 10,000.00 Bonds Payable* Rp 200,000.00
Share Capital Rp 120,000.00 Share Premium* Rp 591,000.00
Deferred Stock Issue Cost Rp 9,000.00 *Bond discount is calculated from the difference between the bond's book value and its fair value. Since the fair value is less than its book value, let's just say PT Induk bought it at a discount *Goodwill calculation:
Fair Value of Consideration given Rp 720,000.00
(Calculated from FV of the stock it issued for acquisition)
Fair Value of Net Assets acquired Rp 505,000.00
(Net asset is asset minus liabilities and equity)
Goodwill Rp 215,000.00
(Difference between FV of Consideration and FV of net asset

*We put its bonds payable value at book value because we recorded "bond discount" too. If you want, you can skip recording bond discount and go with 180000 for bonds payable * We deduct the share premium (600000) with (9000) to take the stock issuance cost into account ANSWER for PROBLEM 2:
Journal at acquisition date
Investment in Masha $ 862,500.00
Cash $ 862,500.00
Elimination entry at acquisition date Common Stock $ 100,000.00
Retained Earning $ 1,050,000.00 Investment in Masha $ 862,500.00
NCI in Net Asset $ 287,500.00
Cost Method entry and elimination entries at year end Bear Corp declared dividend
Cash $ 33,750.00 Dividend Income $ 33,750.00
Eliminate original investment balance Common Stock $ 100,000.00
Retained Earning $ 1,050,000.00 Investment in Masha $ 862,500.00
NCI in Net Asset $ 287,500.00
Eliminate dividend income from subsidiary Dividend Income $ 33,750.00
Dividend Declared $ 33,750.00
Assign Income to NCI NCI in Net Income $ 70,000.00
Dividend Declared $ 11,250.00 NCI in Net Asset $ 58,750.00
ANSWER for PROBLEM 3:

Journal entries related to investment in sub during 20X5 > Record parent's journal entry for investment
Investment in subsidiary $ 245,000.00 Cash $ 245,000.00
>Record parent's share of revenue Investment in subsidiary $ 30,000.00
NI from Subsidiary $ 30,000.00
> Record parent's share of dividend Cash $ 10,000.00
Investment in Subsidiary $ 10,000.00
Eliminating entries as of Dec 31, 20X5 Common Stock $ 175,000.00
Retained Earnings $ 70,000.00 NI from Subsidiary $ 30,000.00
Dividends Declared $ 10,000.00 Investment in subsidiary $ 265,000.00
ANSWER for PROBLEM 4:
Papaya's share in Strawberry 100% Acquisition financed by: Cash Rp 1,320,000,000.00 Notes Payable Rp 600,000,000.00 BV approximated FV except: Buildings, with FV exceeding BV by Rp 90,000,000.00 Remaining useful life 10 years Papaya has an A/P w/ Strawberry Rp 45,000,000.00
Equity section of Strawberry at acquisition date Item Amount Common Share Rp 450,000,000.00 Share Premium Rp 750,000,000.00 Retained Earnings Rp 600,000,000.00

Papaya and Strawberry reported the following data for 2012 and 2013
ITEM Amount
2012 2013
Papaya Strawberry Papaya Strawberry Operating Income for Papaya Rp 300,000,000.00 Rp 350,000,000.00 Net Income for Strawberry Rp 150,000,000.00 Rp 200,000,000.00
Dividend Rp 150,000,000.00 Rp 75,000,000.00 Rp 180,000,000.00 Rp 100,000,000.00
Journal entries recorded by Papaya on its investment during 2012 using EQUITY method
2012 Investment in Strawberry Rp 1,920,000,000.00
Cash Rp 1,320,000,000.00 Notes Payable Rp 600,000,000.00
Papayas share of Strawberrys Income
2012 Investment in Strawberry Rp 150,000,000.00
Income from Strawberry Rp 150,000,000.00
Record Papaya's share of dividend from Strawberry
2012 Cash Rp 75,000,000.00
Investment in Strawberry Rp 75,000,000.00
Record Papaya's share of Strawberry income (2nd yr)
2013 Investment in Strawberry Rp 200,000,000.00
Record Papaya's share of dividend from Strawberry (2nd yr)
2013 Cash Rp 100,000,000.00
Amortize identifiable excess (twice for 2012 and 2013)

Journal entries recorded by Papaya on its investment during 2012 using COST method
Journal acquisition
2012 Investment in Strawberry Rp 1,920,000,000.00
Cash Rp 1,320,000,000.00 Notes Payable Rp 600,000,000.00
Record share of dividend
2012 Cash Rp 75,000,000.00
Dividend Income Rp 75,000,000.00
2013 Cash Rp 100,000,000.00
Dividend Income Rp 100,000,000.00
ALL ELIMINATING ENTRIES (EQUITY)
Book Value Calculation
Date of Acquisition Year end 1 Year End 2
Goodwill Rp 30,000,000.00 Rp 30,000,000.00 Rp
30,000,000.00
Identifiable Excess Rp 90,000,000.00 (9,000,000.00) Rp 81,000,000.00
(9,000,000.00) Rp 72,000,000.00
Book Value Rp 1,800,000,000.00 75,000,000.00 Rp 1,875,000,000.00 100,000,000.00 Rp 1,975,000,000.00
Rp 1,920,000,000.00 Rp 1,986,000,000.00 Rp 2,077,000,000.00
Basic Elimination Entry
2012 end Common share Rp 450,000,000.00
Share premium Rp 750,000,000.00 Retained earning Rp 600,000,000.00 Income from Strawberry Rp 150,000,000.00
Dividend Rp 75,000,000.00 Investment in Strawberry Rp 1,875,000,000.00
2013 end

Common share Rp 450,000,000.00 Share premium Rp 750,000,000.00 Retained earning Rp 675,000,000.00 Income from Strawberry Rp 200,000,000.00
Dividend Rp 100,000,000.00 Investment in Strawbe

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MOJAKOE - spa-febui.com · PDF fileAkuntansi Keuangan Lanjutan 1 UTS Semester Gasal 2014/2015 MOdul JAwaban KOEliah MOJAKOE Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI