1) 2)

Olive Inc Before

Comprehensive Income Statement Cost
For The year ended, XXXX Estimated Life (year)
Sales revenue 420,000 Depreciation Expens
Cost of goods sold -210,000
Gross profit 210,000 After
Selling and administrative expenses 75,000 Cost
Other income and expenses Estimated Life
Gain on sale of plant assets 45,000 Depreciation Expens
Income from operations 180,000 (a)
Financing costs 10,000 Income Statement is undervalued
Income from continued operations 170,000 (b) Applied proscpectively
Loss on discontinued operations -20,000
Net income 150,000 3)
Allocation to non-controlling interest 60,000
Net income attributable to shareholders 90,000 (c) Income from operations
Financing costs
Net income 150,000 Income from continued operation
Unrealized gain on non-trading securities 15,000 Income Tax
Gain on revaluation of machinaries 30,000 Income from continued operation
Comprehensive income ### (d) Loss on discontinued operations
Less: Applicable Income Tax
Net income 150,000 Net Income
Dividends declared and paid 12,000
A company that reports a discontinued op
Retained earning December 31, 2015 line item either on the face of the income s
138,000 (e ) statements.
 4)
Selisih revaluasi aset tetap
300,000 Perubahan nilai AFS
20 Dampak transisi laporan keuangan
15,000

270,000
15
18,000

Statement is undervalued 3000 (18000-15000)

proscpectively

from operations 180,000

- 10,000
from continued operations 170,000
42,500
from continued operations 127,500
discontinued operations 20,000
ss: Applicable Income Tax (5,000) 15,000
112,500

y that reports a discontinued operation must report per share amounts for the
ther on the face of the income statement or in the notes to the financial
s.
1) PT Untung
1j 6j 11 k 16 a 21 f Statement of Financial
2j 7g 12 (e) 17 a 22 e As 31 December 2
3b 8k 13 (b) 18 l 23 c Assets
4e 9e 14 c 19 j 24 (c) Current Assets
5e 10 f 15 j 20 j 25 h Cash and Cash Equivalent
Accounts Receivable
Inventory

Trading Securities
2)
Prepaid Insurance
Total Current Assets

Non Current Assets

Property, Plant, Equipment
Investment Property
Investment in PT BAK (70%
ownership)
Patents
Deferred Tax Assets
Total Non Current
Assets

Total Assets
 PT Untung
Statement of Financial Position
As 31 December 2017
Liabilities
Current Liabilities
620,000 Accounts Payable 760,000
80,000 Unearned Revenue 565,000
210,000 Dividends Payable 75,000
Total Current
230,000 1,400,000
Liabilities
50,000
1,190,000 Non Current Liabilities

2-year term Notes Payable 125,000

Bonds Payable 1,000,000

1,500,000 Long-term Bank Loan 210,000
2,000,000 Deferred Tax Liability 76,000

470,000
Total Non Current 1,411,000
320,000 TOTAL LIABILITIES 2,811,000
47,000

4,337,000 Equity
Common Stock 100,000
Share Premium Common
1,327,000
Stock
Preferred Stock 50,000
Share Premium Preferred
1,000,000
Stock
Retained Earnings 239,000
Total Equity 2,716,000

Total Liabilities and

5,527,000 Equity 5,527,000
 ATV Company ATV Company
Statement of Cash Flow (Indirect Method) Statement of Cash Flow (Direct Method)
For 2013 For 2013
Net Income 58,850 Cash flow from Operating Activities
Adjustment to Net Income Cash Received from Customer
Depreciation and Amortization Ex 40,500 Cash paid to supplier 765,000
Gain on Sale of Land (8,000) Cash paid for operat 226,350
Gain on sale of Short Term Investm (4,000) Cash paid for Income 38,400
Bond Amortization Premium (5,550) Cash paid for Interest 57,300
Increase in AR (7,550) Cash receipt from Investment
Increase in Office Supplies (250) Cash inflow from Operating Activi
Increase in Inventory (7,000) Cash flow from Investing Activities
Increase in Prepaid Insurance (1,200) Purchase Equipment (125,000)
Decrease in Prepaid Rent 9,000 Sale of Land 58,000
Increase Wages Payable 2,000 Sale of Short Term I 12,000
Increase Income Tax Payable 1,000 Cash Outflow from Inv (55,000)
Decrease in Accounts Payable (10,000) Cash flow from Financing Activities
Net Cash Flow from Operating Acti 67,800 Pay Long Term NP (10,000)
Cash flow from Investing Activities Issuing Capital Ordin 27,500
Purchase Equipment (125,000) Dividend Paid (24,300)
Sale of Land 58,000 Cash Outflow from Inv (6,800)
Sale of Short Term Investment 12,000
Cash Outflow from Investing Activit (55,000) Net Cash Inflow
Cash flow from Financing Activities Cash at the Beginning of the Period
Pay Long Term NP (10,000) Cash at the Ending of the Period
Issuing Capital Ordinary 27,500
Dividend Paid (24,300)
Cash Outflow from Investing Activit (6,800)

Cash Changes 6,000

Beginning Cash 4,000
Ending Cash 10,000
pany
w (Direct Method)
3

1,152,450

2,400
67,800

6,000
4,000
10,000
 Consignor (Coldstone) Consignee (M
Account Dr. Account Cr. Dr. Cr. Account Dr.
Inventory on Consignment 40,000.00 Shipment of
*** NO E
Finished Goods - Inventory 40,000.00 consigned merchandise

Inventory on Consignment 840.00 Payment of freight

*** NO E
Cash 840.00 cost by consignor

Sales of Cash
*** NO ENTRY ***
consigned merchandise

Payment of Advertising a Receivable from consignor

Installation Expense

Cash 27,680.00 Notification of sales Payable to Consignor

Advertising Expense 200.00 and expenses
Installation Expense 320.00 and remittance
Commission Expense 1,800.00
Revenue from Consignment 30,000.00

Cost of Goods Sold 20,420.00 Adjustment of

*** NO E
Inventory on Consignment 20,420.00 inventory on consignment

A. Cash 28000
NR 34816
Revenue from franchise fees 62816

B. Cash 28000
Unearned service fee 28000

C. Cash 28000
NR 34816
Revenue from franchise 28000
Unearned revenue 34816

Percentage of completion method

2010 2011
Contract cost incurred during the year 2,880,000 2,230,000
Estimated cost to complete the contract 3,520,000 2,190,000
Billing to Fabrik during the year 3,200,000 3,500,000

Schedule to compute profit or loss: percentage of completion method

2010 2011
 Contract price 8,400,000 8,400,000

Cost incurred to date 2,880,000 5,110,000

Estimated cost to complete 3,520,000 2,190,000
Total cost to complete 6,400,000 7,300,000
Total gross profit 2,000,000 1,100,000

step 1: Percentage of completion to date 45.0% 70.0%

step 2: Revenue recognized to date 3,780,000 5,880,000

CURRENT YEAR
Current Year Revenue 3,780,000 2,100,000
Current Year Cost 2,880,000 2,230,000
Current Year Gross Profit 900,000 (130,000)

Journal entry:
2010 2011

Untuk menjurnal proses pembangunan gedung

1 Construction in process 2,880,000 2,230,000
Various Account 2,880,000 2,230,000

Untuk menjurnal penagihan

2 Account receivable 3,200,000 3,500,000
Billing in process 3,200,000 3,500,000

Untuk menjurnal pengakuan revenue dan expense, include gross profit

3 Construction in process (gross profit) 900,000 Loss
Costruction expense (COGS) 2,880,000 interim
Construction revenue 3,780,000 period

Jurnal untuk mencatat loss interm period

Costruction expense (COGS) 2,230,000
Construction in process (gross profit) (130,000)
Construction revenue 2,100,000

Untuk menjurnal saat gedung diberikan kepada pembeli di akhir periode kontrak
4 Billing in process
Construction in process
 Consignee (Magnum Cafe)
Account Cr. Dr. Cr.
*** NO ENTRY ***

*** NO ENTRY ***

30,000.00
Payable to Consignor 30,000.00

eceivable from consignor 520.00

Cash 520.00

ayable to Consignor 30,000.00

Receivable from consignor 520.00
Cash 27,680.00
Commission revenue 1,800.00

*** NO ENTRY ***

Zero profit method

2012 Contract price: -

2,190,000 2010 2011
0 Contract cost incurred during the year 2,880,000 2,230,000
1,700,000 Estimated cost to complete the contract 3,520,000 2,190,000
Billing to Fabrik during the year 3,200,000 3,500,000

2012 Dalam zero profit method tidak ada gross profit yang diakui sebelum
kontrak selesai
 Dalam zero profit method tidak ada gross profit yang diakui sebelum
8,400,000 kontrak selesai

7,300,000 Journal:
- 2010
7,300,000 Dr. Construction in process 2,880,000
1,100,000 Cr. Material, cash, payable, etc 2,880,000

100.0% Dr. Account receivable 3,200,000

8,400,000 Cr. Billing in process 3,200,000

Dr. Construction in process (gross profit) 0

2,520,000 Dr. Costruction expense (COGS) 2,880,000
2,190,000 Cr. Construction revenue 2,880,000
330,000
Dr. Billing in process
Cr. Construction in process

2012

2,190,000
2,190,000

1,700,000
1,700,000

330,000
2,190,000
2,520,000

8,400,000
8,400,000
 2012
2,190,000
0
1,700,000

ng diakui sebelum
 2011 2012
2,230,000 2,190,000
2,230,000 2,190,000

3,500,000 1,700,000
3,500,000 1,700,000

0 -
2,230,000 2,190,000
2,230,000 2,190,000

-
-
Poin 1

Date Purchased Sold or Issued Balance

1/1/2013 60 x 15300 918,000 60 x 15300

10/1/2013 50 x 15300 765,000 10 x 15300

16/1/13 95 x 15800 1,501,000 10 x 15300

95 x 15800

19/1/13 10 x 15300 153,000 65 x 15800

30 x 15800 474,000
627,000
22/1/13 100 x 15500 1,550,000 65 x 15800
100 x 15500

30/1/2013 65 x 15800 1,027,000 95 x 15.500

5 x 15500 77,500
1,104,500

COGS 2,496,500 Ending Invent

Poin 2

Ending
inventory
Product Cost NRV using LCNRV
A 1,285,000 1,487,500 1,285,000
B 3,230,000 3,145,000 3,145,000
C 3,320,000 3,128,000 3,128,000
D 1,472,500 1,695,750 1,472,500
E 1,136,000 1,326,000 1,136,000
10,443,500 10,782,250 10,166,500

Poin 3

Loss due to decline of inventory to NRV 277,000

Allowance to reduce inventory to NRV 277,000
Balance
918,000

153,000

153,000
1,501,000

1,027,000

1,027,000
1,550,000

1,472,500

1,472,500