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    Akl P4.7

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    Apriancaesario
    1. The document presents financial information for a company named Price for years 1 and 2, including balance sheets, income statements, and retained earnings statements for both Price and its subsidiary Score. 2. In year 1, Price acquired 90% ownership of Score. The consolidation entries eliminate the intercompany transactions and accounts between Price and Score. 3. In year 2, the financial statements are presented on a consolidated basis to combine Price and Score (its 90% owned subsidiary) as a single economic entity.

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    Akl P4.7

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    Apriancaesario
    29 views12 pages
    1. The document presents financial information for a company named Price for years 1 and 2, including balance sheets, income statements, and retained earnings statements for both Price and its subsidiary Score. 2. In year 1, Price acquired 90% ownership of Score. The consolidation entries eliminate the intercompany transactions and accounts between Price and Score. 3. In year 2, the financial statements are presented on a consolidated basis to combine Price and Score (its 90% owned subsidiary) as a single economic entity.

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    AKL P4.7

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    1. The document presents financial information for a company named Price for years 1 and 2, including balance sheets, income statements, and retained earnings statements for both Price and its subsidiary Score. 2. In year 1, Price acquired 90% ownership of Score. The consolidation entries eliminate the intercompany transactions and accounts between Price and Score. 3. In year 2, the financial statements are presented on a consolidated basis to combine Price and Score (its 90% owned subsidiary) as a single economic entity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    29 views12 pages

    Akl P4.7

    Uploaded by

    Apriancaesario
    1. The document presents financial information for a company named Price for years 1 and 2, including balance sheets, income statements, and retained earnings statements for both Price and its subsidiary Score. 2. In year 1, Price acquired 90% ownership of Score. The consolidation entries eliminate the intercompany transactions and accounts between Price and Score. 3. In year 2, the financial statements are presented on a consolidated basis to combine Price and Score (its 90% owned subsidiary) as a single economic entity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 12

    Tahun ke-1

    P4-7
    Price company bou 90%
    Cost 450,000

    Common Stock 200,000


    Occ 160,000
    RE 90,000

    BV
    Common Stock 200,000
    Other Contributed 160,000
    Retained Earning 90,000
    450,000.00

    IV
    Cost 450,000
    % 90%
    500,000

    Difference
    IV 500,000
    BV 450,000
    50,000

    NCI
    IV 500,000
    % 10%
    50,000

    1. Jurnal Eliminasi Dividend Income


    Dividend income 52,500
    Dividend declare 52,500

    2. Jurnal Eliminasi Investasi


    CS-S 200,000
    OCC-S 160,000
    R/E-S 90,000
    Diff Bet IV&BV 50,000
    Investment in T 450,000
    NCI 50,000
    3. Alokasi Difference
    Goodwill 50,000
    Difference 50,000
    Income Statement Price Score Debit Kredit NCI
    Sales 1,420,000 500,000
    Devidend Income 52,500 52,500
    Total Revenue 1,472,500 500,000
    COGS 822,000 242,000
    Operating Expense 250,500 124,000
    Total Cost and Expense 1,072,500 366,000
    Net Income 400,000 134,000
    NCI 13,400
    Net Income 400,000 134,000 52,500 13,400

    RE Statement Price Score Debit Kredit NCI


    Re 1/1 - Price 687,000
    Re 1/1 - Score 210,000 90,000
    Net Income 400,000 134,000 52,500 13,400
    Dividend Declare 70,000 50,000 52,500 5,000
    Re 31/12 1,017,000 294,000 142,500 52,500 8,400

    SOFP
    Assets Price Score Debit credit NCI
    Cash 109,000 78,000
    Account Receivable 166,000 94,000
    Note Receivable 75,000
    Inventory 309,000 158,000
    Investment in Score 450,000 450,000
    Plan and Equipment 940,000 420,000
    Land 160,000 70,000
    Different 50,000 50,000
    Goodwill 50,000
    Total Assets 2,209,000 820,000

    Liability and Equity


    Account Payable 132,000 46,000
    Other Libility 300,000 120,000
    Common Stock
    CS- P 500,000
    CS- S 200,000 200,000
    Other Contribution Capital
    OCC- P 260,000
    OCC- S 160,000 160,000
    Retained Earnings 1,017,000 294,000 142,500 52,500 8,400
    Noncontroling Interest 1/1 50,000
    Noncontroling Interest 31/12
    Total Liability and Equity 2,209,000 820,000
    Tahun ke-2
    Consol IV 500,000
    1,920,000 BV 450,000
    - Diff 50,000
    1,920,000 NCI 50,000
    1,064,000
    374,500 Jurnal Eliminasi Dividend Income
    1,438,500 Dividend income 52,500
    481,500 Dividend declare
    13,400
    468,100 Jurnal Eliminasi Investasi
    CS-S 200,000
    OCC-S 160,000
    Consol R/E-S 210,000
    687,000 Diff Bet IV&BV 50,000
    120,000 Investment in Score
    468,100 NCI
    62,500
    1,212,600 Alokasi Difference
    Goodwill 50,000
    Difference

    Consol Notes Payable-Score 75,000


    187,000 Notes Receivable-Price
    260,000
    75,000 Interest Revenue 7,500
    467,000 Interest Expense
    -
    1,360,000
    230,000
    -
    50,000
    2,629,000

    178,000
    420,000

    500,000
    -
    260,000
    -
    1,212,600

    58,400
    2,629,000
    Income Statement Price Score
    Sales 1,420,000 500,000
    Devidend Income 52,500
    Total Revenue 1,472,500 500,000
    COGS 822,000 242,000
    Operating Expense 250,500 124,000
    Total Cost and Expense 1,072,500 366,000
    52,500 Net Income 400,000 134,000
    NCI
    Net Income 400,000 134,000

    RE Statement Price Score


    Re 1/1 - Price 687,000
    450,000 Re 1/1 - Score 210,000
    50,000 Net Income 400,000 134,000
    Dividend Declare 70,000 50,000
    Re 31/12 1,017,000 294,000

    50,000
    SOFP
    Assets Price Score
    75,000 Cash 109,000 78,000
    Account Receivable 166,000 94,000
    Note Receivable 75,000
    7,500 Inventory 309,000 158,000
    Investment in Score 450,000
    Plan and Equipment 940,000 420,000
    Land 160,000 70,000
    Different
    Goodwill
    Total Assets 2,209,000 820,000

    Liability and Equity


    Account Payable 132,000 46,000
    Notes Payable 300,000 120,000
    Common Stock
    CS- P 500,000
    CS- S 200,000
    Other Contribution Capital
    OCC- P 260,000
    OCC- S 160,000
    Retained Earnings 1,017,000 294,000
    Noncontroling Interest 1/1
    Noncontroling Interest 31/12
    Total Liability and Equity 2,209,000 820,000
    Debit Kredit NCI Consol
    1,920,000
    60,000 112,500
    2,032,500
    1,064,000
    7,500 367,000
    1,431,000
    601,500
    13,400 13,400
    60,000 7,500 13,400 588,100

    Debit Kredit NCI Consol


    687,000
    210,000 -
    60,000 7,500 13,400 588,100
    52,500 5,000 62,500
    270,000 60,000 8,400 1,212,600

    Debit credit NCI Consol


    187,000
    260,000
    75,000 -
    467,000
    450,000 -
    1,360,000
    230,000
    50,000 50,000 -
    50,000 50,000
    2,554,000

    178,000
    75,000 345,000

    500,000
    200,000 -
    260,000
    160,000 -
    270,000 60,000 8,400 1,212,600
    50,000
    58,400
    2,554,000

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