MOJAKOE

MODUL Akl1
JAWABAN
Akuntansi
KOELIAH
Keuangan 1

UTS Semester Gasal

2016/2017

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1.) AKL 1 UTS 2013 PROBLEM 1

*Answer

1. Journal entry by PT Jujur Bersih.

 Computation of gain:

Fair Value of Consideration Given: 625,000,000

Fair Value of Net Assets Acquired: 700,000,000-30,000,000=670,000,000

Gain on Bargain Purchase: FV Consideration – FV NA

: 625,000,000-670,000,000 = 45,000,000

Note:
 Kalau FV Consideration < FV NA akan muncul Gain on Bargain
Purchase atas selisihnya
 Kalau FV Consideration > FV NA akan muncul Goodwill atas selisihnya

Record direct cost expenditure:

Merger Expense 5,000,000

Cash 5,000,000

Record acquisition of PT Anti Korupsi:

Cash and Receivables 50,000,000

Inventory 150,000,000
Buildings and Equipment(net) 300,000,000
Patent 200,000,000
Account Payable 30,000,000
Cash 625,000,000
Gain on Bargain Purchase of PT Anti Korupsi 45,000,000

Note:
 Kalau kasusnya ada goodwill (bukan bargain on purchase of PT Anti
Korupsi), maka goodwill akan di Debet
  Pencatatan dari pihak pengakuisisi menggunakan nilai Fair Value bukan
Book Value.

2. Journal Entry by PT Anti Korupsi

Cash 625,000,000
Account Payable 30,000,000
Cash and Receivables 50,000,000
Inventory 100,000,000
Buildings and Equipment (Net) 200,000,000
Gain on Sale of Net Assets 305,000,000

Common Stock 100,000,000

Additional Paid-in Capital 80,000,000
Retained Earnings 140,000,000
Gain on Sale of Net Assets 305,000,000
Cash 625,000,000

Note:
 Pencatatan dari pihak yang di akuisisi menggunakan Book Value bukan
Fair Value

2.) AKL 1 UTS 2014 PROBLEM 2

 *Answer
1. Journal entry on the date of acquisition:

Computation of investment:

(Marsha acquired 75% of Masha Corp.)

Investment: 75% x Masha Corp.’s Net Assets

: 75% x (1,320,000-170,000)

: 75% x (1,150,000) = 862,500

Investment in Masha 862,500

Cash 862,500
 2. Elimination entry (January 1, 2014):
Common Stock 100,000
Retained Earnings 1,050,000
Investment in Masha 862,500
NCI in Net Asset 287,500
Computation of NCI in Net Asset: 25% x 1,150,000 = 287,500

3. Cost method entry (for the year) and elimination entry (December 31, 2014):
Bear Corp declared dividend (for the year)
Cash 15,000
Dividend Income 15,000
Computation: 75% x 20,000 = 15,000

Eliminate original investment balance

Common Stock 100,000
Retained Earnings 1,050,000
Investment in Masha 862,500
NCI in Net Asset 287,500

Eliminate dividend income from subsidiary

Dividend Income 15,000
Dividend Declared 15,000

Assign income to NCI

NCI in Net Income 70,000
Dividend Declared 5,000
NCI in Net Asset 65,000
Computation of NCI in Net Income: 25% x 280,000,000 = 70,000,000
Computation of Dividend Declared: 25% x 20,000= 5,000
Jika misalkan di soal diminta untuk menggunakan, Equity Method perbedaannya berada
pada pertanyaan nomer 3.

Bear Corp subsidiary’s net income related journal(for the year)

Investment in Masha 210,000
Income from subsidiary 210,000

Bear Corp subsidiary’s declared dividend related journal (for the year)
Cash 15,000
Investment in Masha 15,000

Eliminating entries
Common Stock 100,000
Retained Earnings 1,050,000
Income from investment 210,000
NCI in Net Income 70,000
Dividend Declared 20,000
Investment in Masha 1,057,000
NCI in Net Asset 352,500
Computation of investment in Masha: 862,500 + 210,000 – 15,000 = 1,057,000
Computation of NCI in Net Asset: 287,500 + 70,000 – 5,000 = 352,500

*Di soal AKL 1 UTS 2014 Problem 2 hanya diminta untuk memakai cost method
3.) AKL 1 UTS 2014 Problem 3

1. Equity method (100%) journal entries related to investment in Sub Company

during 20x5
Parent’s journal entry for investment

Investment in Sub 245,000

Cash 245,000
 Parent’s share of revenue

Investment in Sub 30,000

Income from sub 30,000

Parent’s share of dividend

Cash 10,000
Investment in Sub 10,000

2. Eliminating entries (December 31, 20x5)

Common Stock 175,000

Retained Earnings 70,000
Income from Sub 30,000
Dividends Declared 10,000
Investment in Sub 265,000
Computation of Investment in Sub: 245,000 + 30,000 – 10,000 = 265,000
4.) Mentoring UTS 2017 Problem 5

PT Parent acquired 80% ownership of PT Son on January 1, 2013, for Rp1.384 million. At that
date, the fair value of the non-controlling interest was Rp346 million. On January 1, 2013, PT
Son reported net assets with a book value of Rp1.200 million and a fair value of Rp1.530
million.
Below are some additional information:
- PT Son’s depreciable assets had an estimated economic life of 11 years on the date of
combination. The difference between the fair value and book value of PT Son’s net
assets is related entirely to building and equipment.
- PT Parent used equity method in accounting for its investment in PT Son.
- Detail analysis of receivables and payables shows that PT Son owed PT Parents
Rp128 million.
- For the year 2013, PT Son reported net income of Rp480 million and paid dividend

of Rp160 million.
- Attached the trial balance for the two companies as of December 31, 2013.
Required:
a) Give all journals entries recorded by PT Parent with regards to its investment in PT

Son during 2013
b) Give all elimination entries needed to prepare a full set of consolidated financial
statements for 2013
*Answer

Purchase cost (80%) 1,384,000,000

FV of NCI 346,000,000
Consideration given 1,730,000,000
BV of NA acquired 1,200,000,000
Diferrential 530,000,000
FV of NA acquired 1,530,000,000
BV of NA acquired 1,200,000,000
Diff related to PPE 330,000,000
Goodwill 200,000,000
Diferrential 530,000,000

A. Equity Method Entries on Mortar Corp.'s Books:

Investment in Granite Co. 1,384,000,000
Cash 1,384,000,000
Record the initial investment in Granite Co.
 Investment in Granite Co. 384,000,000
Income from Granite
384,000,000
Co.
Record Mortar Corp.'s 80% share of Granite Co.'s 20X7 income

Cash 128,000,000
Investment in
128,000,000
Granite Co.
Record Mortar Corp.'s 80% share of Granite Co.'s 20X7 dividend

Income from Granite Co. 24,000,000

Investment in Granite Co. 24,000,000
Record amortization of excess acquisition price

B1. Basic Elimination Entry

Basic elimination entry (1)

Common stock 400,000,000
Retained earnings 800,000,000
Income from Granite Co. 384,000,000
NCI in NI of Granite Co. 96,000,000
Dividends declared 160,000,000
Investment in Granite
Co. 1,216,000,000
NCI in NA of Granite
Co. 304,000,000
1,680,000,000 1,680,000,000

B2. Amortized excess value reclassification entry

Depreciation expense 30,000,000
Income from Granite Co. 24,000,000
NCI in NI of Granite Co. 6,000,000
Book Value Calculations:
NCI Mortar Corp. Common Retained
+ = +
20% 80% Stock Earnings
Beginning book value 240,000,000 960,000,000 400,000,000 800,000,000
+ Net Income 96,000,000 384,000,000 480,000,000
- Dividends -32,000,000 -128,000,000 -160,000,000
Ending book value 304,000,000 1,216,000,000 400,000,000 1,120,000,000

B3. Excess value (differential) reclassification

entry:
Buildings & Equipment 330,000,000
Goodwill 200,000,000
Acc. Depr. 30,000,000
Investment in Granite Co. 400,000,000
NCI in NA of Granite Co. 100,000,000

B4. Eliminate intercompany accounts:

Accounts payable 128,000,000
Accounts receivable 128,000,000

B5. Optional accumulated depreciation elimination entry

Accumulated depreciation 480,000,000
Building & equipment 480,000,000