P4-6

Mencari Persentase kepemilikan Pen Corp.

Capital stock Syn, $10 par $150000$10= 15000lembar
Pen mengakuisisi 13500lembar saham 1350015000= 90%

Pen Corp Investment Cost (13500$15) $202500

Fair value ($20250090%) $225000
Syn Corp equitys(2011)
Capital stock $150000
Retained Earnings $15000 + $165000
Excess fair value diatas book value $60000
Fair value land ($20000) +
$40000

Amortisasi patent $4000010tahun= $4000/tahun

Investment awal (1 januari 2011)

2012 Net Income $24000
2011 Net Income -
2011 Deviden - Retained earning
2012 Deviden $16000
Retained Earning akhir (31 des 2012) $42000
Less: Retained earning awal (1 januari 2011) ($15000)
$27000
90%
$24300
Patent ($40002 tahun)90% ($7200)
Investment in Syn $219600

Jurnal:
a) Income from Syn($24000-$4000)90% $18000
Dividen($1600090%) $14400
Investment in Syn($18000-$14400) $3600

b) Noncontrolling interest share($24000-$4000)10% $2000

Dividen($1600010%) $1600
Noncontrolling interest($2000-$1600) $400
c) Retained earnings awal $34000
Capital stock $150000
Patent($40000-$4000) $36000
Land $20000
Investment in Syn($219600-$3600) $216000
Noncontrolling interest($240000-$216000) $24000

d) Expenses $4000
Patent $4000

e) Note payable $5000

Note receivable $5000

f) Dividen payable $7200

Note receivable $7200

g) Account payable $5000

Account receivable $5000
 Pen Corporation and Subsidiary
Consolidation Workpapers
For the year ended December 31,2012
Adjustment and Elimination
Pen Syn 90% Consiladated Statement
Debits Credits
Sales $ 400.000,00 $ 100.000,00 $ 500.000,00
Income from Syn $ 18.000,00 $ 18.000,00 $ -
Cost of good sold $ (250.000,00) $ (50.000,00) $ (300.000,00)
Other expenses $ (100.600,00) $ (26.000,00) $ 4.000,00 $ (130.600,00)
Noncontrolling interest share $ 2.000,00 $ (2.000,00)
Controlling Share of Net Income $ 67.400,00 $ 24.000,00 $ 67.400,00
Retained Earnings Statement
Retained Earnings--Pen $ 177.000,00 $ 177.000,00
Retained Earnings--Syn $ 34.000,00 $ 34.000,00 $ -
Add: Controlling Share of Net Income $ 67.400,00 $ 24.000,00 $ 67.400,00
Deduct: Dividens $ (50.000,00) $ (16.000,00) $ 14.400,00 $ (50.000,00)
$ 1.600,00
Retained Earnings-December 31 $ 194.400,00 $ 42.000,00 $ 194.400,00
Balance Sheet
Cash $ 18.000,00 $ 15.000,00 $ 33.000,00
Account Receivable $ 80.000,00 $ 20.000,00 $ 5.000,00 $ 95.000,00
Dividen Receivable-Syn $ 7.200,00 $ 7.200,00 $ -
Inventory $ 95.000,00 $ 10.000,00 $ 105.000,00
Note Receivable-Pen $ 5.000,00 $ 5.000,00 $ -
Invesment in Syn $ 219.600,00 $ 3.600,00 $ -
$ 216.000,00
Land $ 65.000,00 $ 30.000,00 $ 20.000,00 $ 115.000,00
Building $ 170.000,00 $ 80.000,00 $ 250.000,00
Equipment $ 130.000,00 $ 50.000,00 $ 180.000,00
Patent $ 36.000,00 $ 4.000,00 $ 32.000,00
Total Assets $ 784.800,00 $ 210.000,00 $ 810.000,00
Account Payable $ 85.400,00 $ 10.000,00 $ 5.000,00 $ 90.400,00
Note Payable to Syn $ 5.000,00 $ 5.000,00 $ -
Dividen Payable $ 8.000,00 $ 7.200,00 $ 800,00
Capital Stock,$10 par $ 500.000,00 $ 150.000,00 $ 150.000,00 $ 500.000,00
Retained Earnings $ 194.400,00 $ 42.000,00 $ 194.400,00
$ 784.800,00 $ 210.000,00
Noncontrolling Interest January 1 $ 24.000,00 $ 24.000,00
Noncontrolling Interest December 31 $ 400,00 $ 400,00
Total Liabilities and Equity $ 281.200,00 $ 281.200,00 $ 810.000,00