ADVANCED ACCOUNTING PROBLEMS BUSINESS COMBINATION CASE TYPE I: Prepare balance sheet after acquisition

Comparative balance sheets for Pin and San Corporations at December 31, 2010, are as follows (in thousands):
Current assets Land Buildingsnet Equipmentnet Total assets Current liabilities Capital stock, $10 par Additional paid-in capital Retained earnings Total equities
Pin $ 520 200 1,200 880 $2,800 $ 200 2,000 200 400 $2,800 San $ 240 400 400 960 $2,000 $ 240 800 560 400 $2,000

On January 2, 2011, Pin issues 60,000 shares of its stock with a market value of $40 per share for all the outstanding shares of San Corporation in an acquisition. San is dissolved. The recorded book values reflect fair values, except for the buildings of Pin, which have a fair value of $1,600,000, and the current assets of San, which have a fair value of $400,000. Pin pays the following expenses in connection with the business combination: Costs of registering and issuing securities $60,000 Other direct costs of combination 100,000 REQUIRED: Prepare the balance sheet of Pin Corporation immediately after the acquisition.

CASE TYPE II: Prepare balance sheet after an acquisition

On January 2, 2011, Pet Corporation enters into a business combination with Sea Corporation in which Sea is dissolved. Pet pays $1,650,000 for Sea, the consideration consisting of 66,000 shares of Pet $10 par common stock with a market value of $25 per share. In addition, Pet pays the following expenses in cash at the time of the merger:
Finders fee $ 70,000 Accounting and legal fees $130,000 Registration and issuance costs of securities $80,000

Balance sheet and fair value information for the two companies on December 31, 2010, immediately before the merger, is as follows (in thousands):
Pet Book Value Sea Book Value Sea Fair Value

Cash Accounts receivablenet Inventories Land Buildingsnet Equipmentnet Total assets Accounts payable Note payable Capital stock, $10 par Other paid-in capital Retained earnings Total liabilities and owners equity

$ 300 460 1,040 800 2,000 1,000 $5,600 $ 600 1,200 1,600 1,200 1,000 $5,600

$ 60 100 160 200 400 600 $1,520 $ 80 400 600 100 340 $1,520

$ 60 80 240 300 600 500 $1,780 $ 80 360

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R E Q U I R E D : Prepare a balance sheet for Pet Corporation as of January 2, 2011, immediately after the
merger, assuming the merger is treated as an acquisition.

ADVANCED ACCOUNTING PROBLEMS INVESTMENT IN STOCK CASE TYPE I: Prepare an allocation schedule, compute income and the investment balance
Quake Corporation paid $1,680,000 for a 30 percent interest in Tremor Corporations outstanding voting stock on January 1, 2011. The book values and fair values of Tremors assets and liabilities on January 1, along with amortization data, are as follows (in thousands):
Book Value Fair Value

Cash Accounts receivablenet Inventories (sold in 2011) Other current assets Land Buildingsnet (10-year remaining life) Equipmentnet (7-year remaining life) Total assets Accounts payable Other current liabilities Bonds payable (due January 1, 2016) Capital stock, $10 par Retained earnings Total equities

$ 400 700 1,000 200 900 1,500 1,200 $5,900 $ 800 200 1,000 3,000 900 $5,900

$ 400 700 1,200 200 1,700 2,000 500 $6,700 $ 800 200 1,100

Tremor Corporation reported net income of $1,200,000 for 2011 and paid dividends of $600,000.

REQUIRED
Prepare a schedule to allocate the investment fair values/book value differentials relating to Quakes investment in Tremor Calculate Quakes income from Tremor for 2011. Determine the balance of Quakes Investment in Tremor account at December 31, 2011.

CASE TYPE II- Investment in Stock Balance

Awal Januari 2008, Presto Corp membeli 30% Saham Seto Co sebesar 300.000.000. Pada saat itu Neraca Seto tertera sebagai berikut: (In THOUSAND RUPIAH) BV 100.000 200.000 300.000 100.000 500.000 12.000.000 2.000.000 10.000.000 FV 100.000 200.000 350.000 150.000 700.000 15.000.000 2.000.000 13.000.000 2|P a ge

Cash Account receivable Inventories (Sold on 2008) Equipment- Net Building- net TOTAL ASSETS Liabilities Net Assets

Diketahui Net Income tahun 2008 untuk Seto Co adalah 200.000.000 dan membagikan dividen sebesar 50.000.000. Equipment memiliki masa manfaat 5 tahun dan Building memiliki masa manfaat 10 tahun tanpa nilai sisa. Berdasarkan Informasi diatas, anda diminta untuk: a. b. c. d. Membuat alokasi excess atas net asset yang diperoleh. Membuat semua jurnal yang dibutuhkan. Menentukan Besarnya Income from Seto Co per 31 Desember 2008. Menentukan besarnya saldo Investment in Seto Co untuk tahun 2008.

ADVANCED ACCOUNTING PROBLEMS MENYUSUN NERACA KONSOLIDASIAN

1. P menjual Inventory ke S selama tahun 2007 dan 2008 sebagai berikut: 2007 Sales 300.000 COGS 150.000 Unrealized Profit 60.000 Note: Unrealized Profit 60.000 di 2007 terealisasi si tahun 2008.

2008 200.000 100.000 40.000

2. 4 Januari 2007 S menjual peralatan ke P seharga 300.000.000 (Nilai Bukunya adalah 210.000.000. Sampai dengan akhir tahun 2008 P masih menggunakan peralatan tersebut dan mendepresiasikannya dengan metode garis lurus. Masa manfaat terhitung januari 2007 adalah 3 tahun tanpa nilai sisa. 3. Pada 30 Desember 2008, S mengirim cek kepada P senilai 20.000.000 untuk pembayaran inventory yang dibelinya. cek ini baru dicatat pada tanggal 5 januari 2009. 4. 31 Desember 2008, S menjual tanah ke P senilai Cost 200.000.000 dan harga jual 205.000.000. P belum menjual tanah tersebut ke pihak ketiga sampai akhir tahun 2008. 5. 1 Januari 2007, S menjual Inventory ke P dengan sales 200.000.000 dan COGS adalah 150.000.000. Sampai akhir tahun 2007, P belum menjual Inventory tersebut ke pihak ketiga, tetapi pada tahun 2008 P berhasil menjual seluruhnya ke pihak ketiga. 6. Terdapat Piutang S dari P sebesar 10.000.000. 7. 1 Juli 2007 S menjual machinery ke P seharga 35,000.000; book valuenya $28,000.000 Sisa masa manfaat machinery sejak penjualan tersebut adalah 3,5 tahun. Perusahaan menggunakan metode depresiasi garis lurus. 8. Dividen ke P belum dibayarkan oleh S. 9. P memperoleh 80% kepemilikan S pada 1 Januari 2007 dengan komposisi Retained Earning per 1 januari 2007 adalah 100.000.000 dan capital stock 150.000.000. Nilai yang diinvestasikan pada saat itu adalah 240.000.000. Selisih FV dengan BV dianggap sebagai goodwill yang tidak dikapitalisasi. 10. Semua pencatatn menggunakan metode Cost. 11. Kalau soal kurang lengkap, asumsi mungkin saja dapat dibutuhkan untuk menjawab soal ini. 3|P a ge

Laporan keuangan P dan S per 31 Desember 2008 adalah sbb (dalam ribuan rupiah): P S Combined Income and Retained Earnings Statement for the year ended Dec 31, 2008 Sales Dividend income Gain on sales of land Gain on Sale- Machinery Cost of goods sold Operating expenses Net Income Add: Retained earnings Jan I, 2008 Less: Dividend Retained earnings Dec 3I, 2008 Balance Sheet at Dec 31,2008 Cash Accounts Receivable Diividend Receivable Inventories Land Buildings net Machinery net Investment in S Total assets Accounts payable Dividend payable Other liabilities Capital stock Retained earnings Total liabilities & equities 167,000 180,000 16,000 60,000 100,000 280,000 330,000 236,000 1,369,000 200,000 30,000 140,000 800,000 199,000 1,369,000 19,000 100,000 36,000 30,000 80,000 140,000 405,000 50,000 20,000 30,000 150,000 155,000 405,000 450,000 16,000 190,000 5,000 5.000 200,000 113,000 158,000 191.000 150,000 199,000

100,000 40,000 55,000 120,000 20,000 155,000

Pertanyaan: Buatlah Jurnal yang dibutuhkan untuk menyelesaikan kertas kerja konsolidasi. Buatlah dan Isilah kertas kerja konsolidasi. Buatlah Laporan keuangan (Neraca dan Laba Rugi) Konsolidasi untuk tahun 2008.

&Selamat Bekerja dan Semoga Sukses& 4|P a ge