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Soal 12-Jan Investment in S 600,000
Capital stock 300,000 Add. PIC 300,000
Investment expense 25,000 Add.PIC 15,000
Cash 40,000 Current assets 100,000 Land 100,000 Building-net 100,000 Equipment-net 240,000 Goodwill 120,000
Current liabilities 60,000 Investment in S 600,000
Soal 22-Jan Investment in S 3,500,000
Capital stock 2,000,000 Add. PIC 1,000,000 Cash 500,000
Investment expense 100,000 Add.PIC 50,000
Cash 150,000 Cash 240,000 AR-net 360,000 NR-net 300,000 Inventory 500,000 Other current assets 200,000 Land 200,000 Building-net 1,200,000 Equipment-net 600,000 Goodwill 900,000
AP 300,000 MP 700,000 Investment in S 3,500,000
PTrial Balance
January 2, 2011
Current assets 190,000 Land 150,000 Building-net 400,000 Equipment-net 460,000 Goodwill 120,000 Total assets 1,320,000 Current liabilities 110,000 Capital stock 800,000 Add. PIC 335,000 RE 75,000 Total liabilities + equities 1,320,000
PTrial Balance
January 2, 2011
Cash 2,590,000 AR-net 1,660,000 NR-net 1,800,000 Inventory 3,000,000 Other current assets 900,000 Land 2,200,000 Building-net 10,200,000 Equipment-net 10,600,000 Goodwill 900,000 Total assets 33,850,000 AP 1,300,000 MP 5,700,000 Capital stock 12,000,000 Add. PIC 8,950,000 RE 5,900,000 Total liabilities + equities 33,850,000
Soal 1Cost 440,000 320,000 1-Jan Investment in S BV 400,000 400,000
40,000 (80,000) Investment ExpenseAdd. PIC
Inventory 40,000 40,000 Land 80,000 80,000 Building (80,000) (80,000)Equipment 40,000 40,000 Goodwill (40,000) (160,000)
40,000 (80,000)
Soal 2Cost 383,000 1-Apr Investment in SBV, beginning 1,000,000 Income, march 30 40,000 15-Jun CashDividend, march 15 (20,000)Ownership 306,000 15-Sep CashGoodwill 77,000
15-Dec Cash
Goodwill 77,000 31-Dec Investment in S Income from S 36,000 Investment in S 401,000
Soal 3 Cost 2,240,000 1-Jan Investment in S BV 1,560,000
680,000 31-Dec Income from S
Inventory 80,000 Income from SLand 320,000 Buildings 200,000 10 years Investment in SEquipment (280,000) 7 years BP (40,000) 5 years Investment in SGoodwill 400,000
680,000 Investment in S
Income from S 428,000 CashInvestment in S 2,428,000
Soal 42009 1-Jul Investment in S
Cost 48,750 BV 45,000 1-Nov CashPatent 3,750
1-Jan Investment in S2010
Cost 99,000 Investment in SBV 135,000 Patent (36,000) RE
2009 1-May CashIncome from S - Investment in S 48,750 1-Nov Cash
2010 31-Dec Investment in SIncome from S 27,000 Investment in S 162,000
Investment in S 440,000 320,000 Capital stock 440,000 320,000
Investment Expense 40,000 40,000 Add. PIC 10,000 10,000
Cash 50,000 50,000
Investment in S 383,000 Capital stock 383,000
6,000 Investment in S 6,000
6,000 Investment in S 6,000
6,000 Investment in S 6,000
Investment in S 36,000 Income from S 36,000
Investment in S 2,240,000 Cash 2,240,000
Income from S 80,000 Investment in S 80,000
Income from S 20,000 Investment in S 20,000
Investment in S 40,000 Income from S 40,000
Investment in S 8,000 Income from S 8,000
Investment in S 480,000 Income from S 480,000
240,000 Investment in S 240,000
Investment in S 48,750
Cash 48,750 2,250
Dividend Income 2,250 Investment in S 99,000
Cash 99,000 Investment in S 3,000
RE 3,000 2,250
Investment in S 2,250 6,750
Investment in S 6,750 6,750
Investment in S 6,750 Investment in S 27,000
Income from S 27,000
Soal 1FV 3,125,000 BV 2,400,000
725,000 Income StatementSalesDividend IncomeExpenses (inc. COGS)
80,000 inventory 10% 72,500 (14,500) NCI expensefixed assets 40% 290,000 (7,250) Net incomegoodwill 50% 362,500 RE, beginning
725,000 NCI expense 58,250 Dividends
RE, ending
Balance SheetOther Assets-netinventory is used therefore increase COGSamortization of fixed assets decreases net valueInvestment in SGoodwillUnamortized excess
Capital stock, $10 parAdd. PICRE, endingNCI, beginningNCI, ending
Soal 2FV 800,000 BV 600,000
200,000 Income StatementSalesDividend income
25,000 Gain on sale of equipmentInventory 10% 20,000 (5,000) COGSBuildings 20% 40,000 10 years (1,000) Depreciation expenseEquipment 30% 60,000 5 years (3,000)Patent 40% 80,000 10 years (2,000) Other expenses
200,000 NCI expense 14,000 NCI expenseNet income
RE, beginningDividends
RE, endingBalance SheetCashAR-netDividend receivableInventoriesOther current assetsLandBuildingEquipmentInvestment in SUnamortized excessPatent
Account PayableDividend payableOther liabilitiesCapital stockRE, endingNCI, beginningNCI, ending
P S Adjustment & Elimination Dividend Income Dr Cr
NCI expense 4,000,000 1,000,000 5,000,000 160,000 160,000 - 3,180,000 600,000 72,500 3,888,750 Capital stock
36,250 Add. PIC 58,250 58,250 RE, beginning
980,000 400,000 1,053,000 Unamortized excess 2,020,000 800,000 800,000 2,020,000 500,000 200,000 160,000 500,000
40,000 Inventory 2,500,000 1,000,000 2,573,000 Fixed assets
Goodwill
COGS
3,850,000 2,600,000 290,000 6,703,750 Expensesinventory is used therefore increase COGS 72,500 72,500 amortization of fixed assets decreases net value 36,250
2,500,000 2,500,000 - 362,500 362,500 725,000 725,000 -
6,350,000 2,600,000 7,066,250 3,000,000 1,000,000 1,000,000 3,000,000 850,000 600,000 600,000 850,000 2,500,000 1,000,000 2,573,000
625,000 18,250 643,250
6,350,000 2,600,000 7,066,250
P S Adjustment & Elimination Dividend income Dr Cr
NCI expense 800,000 700,000 1,500,000 37,500 37,500 - 10,000 10,000 Capital stock 300,000 400,000 20,000 720,000 RE, beginning 155,000 60,000 4,000 Unamortized excess
12,000 231,000 160,000 140,000 8,000 308,000
14,000 14,000 Inventory 232,500 100,000 237,000 Buildings
Consolidated Statements
Consolidated Statements
397,500 100,000 100,000 397,500 Equipment 200,000 50,000 37,500 Patent
12,500 200,000 430,000 150,000 434,500 COGS
85,000 60,000 145,000 Depreciation expense 100,000 70,000 10,000 160,000 15,000 15,000 - Depreciation expense 150,000 100,000 20,000 20,000 250,000 70,000 30,000 100,000 Other expense (amortization) 50,000 100,000 150,000 140,000 160,000 40,000 4,000 336,000 AP 570,000 330,000 60,000 12,000 948,000 600,000 600,000 - Dividend payable
200,000 200,000 - 80,000 8,000 72,000
1,780,000 850,000 2,161,000 200,000 85,000 10,000 275,000 100,000 20,000 15,000 105,000 50,000 95,000 145,000 1,000,000 500,000 500,000 1,000,000 380,000 150,000 434,500
200,000 1,500 201,500
1,730,000 850,000 2,161,000
Dividend Income 160,000 Dividends 160,000
NCI expense 58,250 Dividends 40,000 NCI, ending 18,250
Capital stock 1,000,000 Add. PIC 600,000 RE, beginning 800,000 Unamortized excess 725,000
Investment in S 2,500,000 NCI, beginning 625,000
Inventory 72,500 Fixed assets 290,000 Goodwill 362,500
Unamortized excess 725,000 72,500
Inventory 72,500 Expenses 36,250
Acc.dep-fixed assets 36,250
Dividend income 37,500 Dividend 37,500
NCI expense 14,000 Dividend 12,500 NCI, ending 1,500
Capital stock 500,000 RE, beginning 100,000 Unamortized excess 200,000
Investment in S 600,000 NCI, beginning 200,000
Inventory 20,000 Buildings 40,000
Equipment 60,000 Patent 80,000
Unamortized excess 200,000 20,000
Inventory 20,000 Depreciation expense 4,000
Acc.dep-bulding 4,000 Depreciation expense 12,000
Acc.dep-equipment 12,000 Other expense (amortization) 8,000
Patent 8,000 10,000
AR 10,000Dividend payable 15,000
Dividend receivable 15,000
Soal 1 Soal 3P S Sales
2009 Inventory 30,000 RE
AP 30,000 NCIAR 36,000 Inventory 36,000
Sales 36,000 AP 36,000 COGSCOGS 30,000
Inventory 30,000 AR 32,400
Sales 32,400 COGS 27,000
Inventory 27,000 Sales 36,000
COGS 36,000 COGS 1,500
Inventory 1,500 2010
AR 10,800 Sales 10,800
COGS 9,000 Inventory 9,000
RE 1,500 COGS 1,500
Soal 2P S
2009 Inventory 30,000
AP 30,000 AR 36,000 Inventory 36,000
Sales 36,000 AP 36,000 COGS 30,000
Inventory 30,000 AR 32,400
Sales 32,400 COGS 27,000
Inventory 27,000 Sales 36,000
COGS 36,000 COGS 1,500
Inventory 1,500 2010
AR 10,800 Sales 10,800
COGS 9,000 Inventory 9,000
RE 1,350 NCI 150
COGS 1,500
100,000 P S Adjustment & Elimination
COGS 100,000 Dr 3,000 Sales 900,000 350,000 100,000 2,000 COGS 400,000 250,000 10,000
COGS 5,000 10,000 Operating exp. 250,000 50,000
Inventory 10,000 NCI expense 38,000 Net income 250,000 50,000
Adjustment & EliminationCr
1,150,000 100,000 5,000 555,000
300,000 38,000 257,000
Consolidated Statements
