PARTNERSHIP

Tatap Muka Ke 1,2,3 Waktu : 100 menit SKS :23

Sub Pokok Bahasan 1. Investasi dalam persekutuan
2. Pembagian laba Rugi
3. Perubahan Kepemilikan
4. Likuidasi

Tujuan Pembelajaran :
1. Agar mahasiswa memahami pencatatan dalam membentuk
persekutuan
2. Agar mahasiswa memahami pembagian laba rugi dalam persekutuan
3. Agar Mahasiswa memahami pencatatan perubahan kepemilikan
4. Agar Mahasiswa memahami proses likuidasi

Kompetensi yang hendak dicapai:

1. Agar mahasiswa mampu mencatat investasi awal, tambahan dan
penarikan investasi
2. Agar mahasiswa mampu menghitung dan membagikan serta mencatat
laba rugi persekutuan kepada masing – masing sekutu
3. Agar mahasiswa mampu menentukan hak kepemilikan apabila
seseorang atau lebih sekutu diterima menjadi anggota sekutu yang
sudah beroperasi.
4. Agar mahasiswa mampu menyusun laporan likuidasi persekutuan.

1
 PRATIKUM I

The partnership of Mort and Osc is being dissolved, and the assets and equities at book
value and fair value and the profit and loss sharing ratios at January 1, 2011, are as
follows:
Book Value Fair Value

Cash $ 20,000 $ 20,000

Accounts receivable net 100,000 100,000
Inventories 50,000 200,000
Plant assets net 100,000 120,000
$270,000 $440,000
Accounts payable $ 50,000 $ 50,000
Mortin capital (50%) 120,000
Oscar capital (50%) 100,000
$270,000
Mort and Osc agree to admit Tre into the partnership for a one-third interest. Tre Invests
$95,000 cash and a building to be used in the business with a book value to Trent of
$100,000 and a fair value of $120,000.
Required:
1. Prepare a balance sheet for the Mort, Osc, and Tre partnership on January 2, 2011,
just after the admission of Tre, assuming that the assets are revalued and goodwill is
recognized.
2. Prepare a balance sheet for the Mort, Osc, and Tre partnership on January 2, 2011,
after the admission of Tre, assuming that the assets are not revalued.

2
 JAWABAN PRATIKUM 1

1.

3
 PRATIKUM II
The partnership of Parker and Boone was formed and commenced operations on March
1, 2011, with Parker contributing $30,000 cash and Boone investing cash of $10,000
and equipment with an agreed-upon valuation of $20,000. On July 1, 2011, Boone
invested an additional $10,000 in the partnership. Parker made a capital withdrawal of
$4,000 on May 2, 2011, but reinvested the $4,000 on October 1, 2011. During 2011,
Parker withdrew $800 per month, and Boone, the managing partner, withdrew $1,000
per month. These drawings were charged to salary expense. A preclosing trial balance
taken at December 31, 2011, is as follows:

Debit Credit
Cash $ 9,000
Receivables net 15,000
Equipment net 50,000
Other assets 19,000
Liabilities $ 17,000
Parker capital 30,000
Boone capital 40,000
Service revenue 50,000
Supplies expense 17,000
Utilities expense 4,000
Salaries to partners 18,000
Other miscellaneous expenses 5,000
Total $137,000 $137,000

Required:
1. Journalize the entries necessary to close the partnership books assuming that
there is no agreement regarding profit distribution.
2. Prepare a statement of partnership capital assuming that the partnership
agreement provides for monthly salary allowances of $800 and $1,000 for
Parker and Boone, respectively, and for the division of remaining profits in
relation to average capital balances.
3. Prepare a profit distribution schedule for the Parker and Boone partnership
assuming monthly salary allowances of $800 and $1,000 for Parker and Boone,
respectively; interest allowances at a 12 percent annual rate on average capital
balances; and remaining profits divided equally.

4
JAWABAN PRATIKUM 2
1.

5
JAWABAN PRATIKUM 2

6
 PRATIKUM III
Jax, Kya, and Bud, who share partnership profits 50 percent, 30 percent, and 20
percent, respectively, decide to liquidate their partnership. They need the cash from the
partnership as soon as possible but do not want to sell the assets at fire-sale prices, so
they agree to an installment liquidation. A summary balance sheet on January 1, 2011,
is as follows:
Cash $ 16,500 Accounts payable $ 21,000
Accounts receivable 28,000 Jason capital 69,000
Inventory 20,500 Kya capital 47,000
Equipment net 101,000 Bud capital 43,000
Loan to Jax 14,000
$180,000 $180,000
Cash is distributed to the partners at the end of each month, with $5,000 retained
for possible contingencies in the liquidation process.
During January 2011, Jax agreed to offset his capital balance with his loan from
the partnership, $25,000 was collected on the accounts receivable, and the balance is
determined to be uncollectible. Liquidation expenses of $2,000 were paid.
During February 2011, $18,000 was collected from the sale of inventories and
$90,000 collected from the sale of equipment. Additional liabilities of $3,000 were
discovered, and $2,000 of liquidation expenses were paid. All cash was then distributed
in a final liquidation.
Required: Prepare a statement of partnership liquidation with supporting safe
payments schedules for each cash distribution.

7
JAWABAN PRATIKUM 3

8
 KANTOR CABANG DAN PUSAT

Tatap Muka Ke 4,5 Waktu : 100 menit SKS : 2

Sub Pokok Bahasan 1. Operasi kantor cabang
2. Akuntansi kantor cabang
3. Akuntansi kantor cabang dan kantor pusat

Tujuan Pembelajaran :
1. Agar mahasiswa memahami operasi kantor cabang
2. Agar mahasiswa memahami akuntansi transaksi kantor cabang
dan kantor pusat

Kompetensi yang hendak dicapai:

1. Agar mahasiswa mampu mencatat transaksi kantor cabang dan
pusat
2. Agar mahasiswa mampu mencatat antar kantor pusat dan
cabang
3. Agar mahasiswa mampu menyiapkan laporan keuangan
gabungan kantor cabang dan kantor pusat.

9
 PRATIKUM IV
PT Pesisir membuka cabang operasi di kota Lombok pada tanggal 1 Januari 2017.
Neraca PT Pesisir per 31 Desember 2017
PT Pesisir
Neraca
31 Desember 2017
Kas Rp 160.000.000 Utang Dagang Rp 30.000.000
Piutang Dagang 120.000.000 Utang Obligasi 400.000.000
Persediaan 210.000.000 Saham Biasa 200.000.000
Tanah 80.000.000 Tambahan Modal 70.000.000
Bangunan & Peralatan 400.000.000 Saldo Laba 110.000.000
- Akm Penyusutan 160.000.000
Total asset 810.000.000 Total Kewajiban&Ekuitas 810.000.000

Berikut transaksi yang terjadi selama tahun 2017

1. PT. Pesisir mentransfer kas Rp 100.000.000 dan persediaan Rp 80.000.000 ke
cabang baru. Biaya produksi persediaan PT. Pesisir Rp 56.000.000
2. Cabang membeli persediaan senilai Rp 50.000.000 dari perusahaan lain dan
mencatat penjualan periode berjalan sebesar Rp 200.000.000. Beban Harga
pokok penjualan periode berjalan berdiri dari Rp 40.000.000 yang berasal dari
pembelian pihak luar dan Rp 60.000.000 persediaan yang ditransfer dari kantor
pusat. Piutang yang berhasil ditagih sebelum akhir tahun sebesar Rp
170.000.000
3. Kantor Pusat membeli persediaan senilai Rp 300.000.000 dan menjual
persediaan senilai Rp 320.000.000 ke pihak eksternal dengan harga Rp
460.000.000. Piutang yang berhasil ditagih selama tahun 2017 sebesar Rp
375.000.000
4. Cabang mengembalikan kas sebesar Rp 65.000.000 ke kantor pusat sebagai
pembayaran parsial atas perolehan persediaan. PT. Pesisir mengumumkan dan
membayar deviden sebesar Rp 15.000.000
5. Kantor Pusat mencatat penyusutan sebesar Rp 35.000.000 tahun 2017 dan
beban operasi lainnya sebesar Rp 55.000.000. Cabang mencatat beban sewa
Rp36.000.000 untuk fasilitas yang disewa dan beban operasi lainnya sebesar
Rp 40.000.000
Diminta:
1. Buatlah ayat jurnal yang akan muncul pada pembukuan kantor pusat PT. pesisir
untuk tahun 2017. Termasuk Jurnal Penutup.
2. Buatlah ayat jurnal yang akan muncul pada pembukuan cabang Lombok PT.
Pesisir untuk tahun 2017. Termasuk jurnal Penutup
3. Hitung saldo akun saldo laba PT. Pesisir pada tanggal 31 Desember 2017

10
Jawaban Pratikum 4

11
Jawaban Pratikum 4

12
 PRATIKUM V
PT. Andalan mengoperasikan sebuah cabang di dekat suatu komunitas untuk
memfasilitasi penjualan dan meningkatkan pelayanan ke pelanggan. Neraca saldo
kantor pusat dan Cabang perusahaan pada 31 Desember 2017 adalah sebagai berikut;
Kantor Pusat Kantor Cabang
Akun Debit Kredit Debit Kredit
Kas Rp70,000,000 Rp60,000,000
Piutang Dagang Rp80,000,000 Rp90,000,000
Persediaan Rp150,000,000 Rp55,000,000
Persediaan dari kantor Pusat Rp45,000,000
Tanah Rp85,000,000 Rp50,000,000
Bangunan dan Peralatan Rp600,000,000 Rp400,000,000
Investasi di Cabang Rp310,000,000
Beban Harga Pokok Penjualan Rp410,000,000 Rp170,000,000
Beban Penyusutan Rp30,000,000 Rp20,000,000
Beban Lain Rp50,000,000 Rp30,000,000
Dividen diumumkan Rp25,000,000
Akumulasi Penyusutan Rp370,000,000 Rp170,000,000
Utang dagang Rp60,000,000 Rp20,000,000
Utang Obligasi Rp300,000,000
Wesel Bayar Rp200,000,000
Saham biasa Rp100,000,000
Saldo Laba Rp390,000,000
Kantor Pusat Rp280,000,000
Laba Antar Perusahaan Blm
Terealisasi Rp15,000,000
Penjualan Rp500,000,000 Rp250,000,000
LabaCabang Rp30,000,000
Laba Antar Perusahaan TelahTerealisasi Rp45,000,000
Total Rp1,810,000,000 Rp1,810,000,000 Rp920,000,000 Rp920,000,000

Selama tahun 2016, PT. Andalan mengirim persediaan senilai Rp 90.000.000 ke

cabang dan menagihnya dengan harga Rp 150.000.000. Pada Akhir periode, terdapat
persediaan yang belum dijual dan didalamnya terdapat laba antar perusahaan sebesar
Rp 20.000.000. Selama tahun 2017, PT.Andalan mengirim persediaan senilai Rp
80.000.000 ke cabangnya dan menagih ke cabang dengan harga Rp 120.000.000.
Cabang menjual seluruh persediaan yang masih tersisa di akhir tahun 2016 di tahun
2017. Pada akhir tahun 2017, cabang masih menyimpan beberapa persediaan yang
ditransfer dari kantor Pusat selama tahun berjalan.
Diminta :
Buat dan Lengkapilah kertas kerja untuk penyusunan laporan keuangan PT. Andalan
tahun 2017.

13
Jawaban Pratikum 5

14
Jawaban Pratikum 5

15
 PENGGABUNGAN USAHA
(BUSINESS COMBINATION)

Tatap Muka Ke 6 Waktu : 100 menit SKS : 2

Sub Pokok Bahasan 1. Merger
2. Konsilidasi

Tujuan Pembelajaran :
1. Agar mahasiswa memahami merger
2. Agar Mahasiswa memahami konsilidasi

Kompetensi yang hendak dicapai:

1. Agar mahasiswa mampu menerapkan akuntansi metode pembelian
dan penyatuan kepemilikan jika perusahaan melakukan merger atau
konsilidasi
2. Agar mahasiswa mampu menyusun laporan keuangan yang
melakukan merger ataupun konsilidasi

16
 PRATIKUM VI
On January 2, 2011, Par Corporation issues its own $10 par common stock for all the
outstanding stock of Sin Corporation in an acquisition. Sin is dissolved. In addition,
Par pays $40,000 for registering and issuing securities and $60,000 for other costs of
c b a . The a e ce f Pa c January 2, 2011, is $60 per share.
Relevant balance sheet information for Par and Sin Corporations on December 31,
2010, just before the combination, is as follows (in thousands):
Par Sin Sin
Historical Cost Historical Cost Fair Value
Cash $ 240 $ 20 $ 20
Inventories 100 60 120
Other current assets 200 180 200
Land 160 40 200
Plant and equipment net 1,300 400 700
Total assets $ 2,000 $700 $1,240
Liabilities $ 400 $ 100 $ 100
Capital stock $10 par 1,000 200
Additional paid-in capital 400 100
Retained earnings 200 300
Total liabilities & e e $2,000 $700
Required:
1. A e ha Pa e 25,000 ha e f c f a fS a d g ha e .
a. Prepare journal entries to record the acquisition of Sin.
b. Prepare a balance sheet for Par Corporation immediately after the acquisition.
2. A e ha Pa e 15,000 ha e f c f a fS a d g ha e .
a. Prepare journal entries to record the acquisition of Sin.
b. Prepare a balance sheet for Par Corporation immediately after the acquisition.

17
Jawaban Pratikum 6
1.

18
Jawaban Pratikum 6
2.

19
 STOCK INVESTMENT

( INVESTASI DALAM SAHAM )

Praktikum :7 Waktu :100 Menit SKS :2

Sub 1. Akuntasi nilai wajar (fair value)/metode biaya

Pokok 2. Akuntasi metode ekuitas
Bahasan

Tujuan Pembelajaran :
1. Agar mahasiswa memahami pencatatan investasi dalam saham
dengan metode biaya/nilai wajar.
2. Agar mahasiswa memahami pencatatan investasi dalam saham
dengan metode ekuitas

Kompetensi Yang Hendak Dicapai :

1. Agar mahasiswa mampu mencatat investasi dalam saham dengan
metode biaya.
2. Agar mahasiswa mampu mencatat investasi dalam saham dengan
metode ekuitas.

20
 PRAKTIKUM VII
1. Journal entries for midyear investment (cost and equity methods)
Put Company paid $220,000 for an 80% interest in Sel Company on July 1, 2011,
when Sel Company had total equity of $110,000. Sel Company reported earnings
of $10,000 for 2011 and declared dividends of $8,000 on November 1, 2011.

Required : Give the entries to record these facts on the books of Put Company:
1. Assuming that Put Company uses the cost method of accounting for its
subsidiaries.
2. Assuming that Put Company uses the equity method of accounting for its
subsidiaries. (Any difference between investment cost and book value acquired
is to be assigned to equipment and amortized over a 10-year period.)

2. Bargain Purchase Aquisition

Raja Ltd issued 10.000 of $10 par common stock with a total market value of
$800,000 to purchase 40 percent ownership of Akash Ltd on January 1,2014.
Akash Ltd had net assets of $2.250.000 at beginning of the year. The information
relating to difference between book values and fair values of Akash Ltd on January
1,2014 is as follows (in thousands) :
Book Value Fair Value
Inventory $130.000 $150.000
Equipment (4years useful life) $500.000 $460.000
Notes Payable(Due in 8 years) $300.000 $220.000
Akash Ltd declared dividends of $160.000 on December 1 and reported
$400.000 net income for the year.
Required :
1. Prepared a schedule for allocating the investment cost over the book
values/fair values interest acquired
2. Prepare all necessary journal entries for Akash Ltd in 2014
3. Calculate investment in Akash Ltd Balance at December 31, 2014

21
Jawaban Praktikum 7
1.

2.

22
 PRAKTIKUM VIII
Prepare an allocation schedule, compute income and the investment balance
Q a eC a a d $1,680,000 f a 30 e ce ee Te C a
outstanding voting stock on January 1, 2011. The book values and fair values of
Te a e a d ab e Ja a 1, along with amortization data, are as
follows (in thousands):
Book Value Fair Value
Cash $ 400 $ 400
Accounts receivable net 700 700
Inventories (sold in 2011) 1,000 1,200
Other current assets 200 200
Land 900 1,700
Buildings net (10-year remaining life) 1,500 2,000
Equipment net (7-year remaining life) 1,200 500
Total assets $ 5,900 $6,700
Accounts payable $ 800 $ 800
Other current liabilities 200 200
Bonds payable (due January 1, 2016) 1,000 1,100
Capital stock, $10 par 3,000
Retained earnings 900
Total equities $5,900
Tremor Corporation reported net income of $1,200,000 for 2011 and paid dividends of
$600,000.
Required :
1. Prepare a schedule to allocate the investment fair values/book value differentials
ea g Q a e e e Te .
2. Ca c a e Q a e c ef Te f 2011.
3. De e e he ba a ce f Q a e I e e Te account at December 31,
2011

23
Jawaban Praktikum 8

24
 AN INTRODUCTION TO CONSOLIDATED FINANCIAL
STATEMENTS

Praktikum 9,10 Waktu : 100 Menit SKS :2

Sub Pokok 1. Alokasi kelebihan biaya pada aktiva bersih yang dapat di
Bahasan identifikasi dan Goodwill
2. Posisi Keuangan konsolidasian pada saat akusisi dan setelah
akuisisi

Tujuan Pembelajaran :

1. Agar mahasiswa memahami pengalokasian kelebihan biaya investasi terhadap nilai

buku aktiva bersih investasi yang diperoleh.
2. Agar mahasiswa memahami laporan keuangan konsolidasian pada saat akuisisi dan
setelah akuisisi

Kompetensi Yang Hendak Dicapai :

1. Agar mahasiswa mampu mengalokasikan kelebihan biaya investasi yang dapat

diidentifikasi dan megalokasikan kelebihan biaya investasi yang tidak dapat
diidentifikasi.
2. Agar mahasiswa mampu menyajikan laporan keuangan konsolidasian sesaat
setelah akuisisi dan setelah akuisisi

25
 PRAKTIKUM IX
Allocating Excess of Investment

On March 31, 2014, Tobias AG purchased 90 percent of interest in Mark Ag for

$8.100.000 cash. Mark AG had unrecorded patents on this date for $100.000. The
balance sheet summary of Mark AG on March 31, 2014 was as follows (in thousands).
Book Value Fair Value
Cash $1000 $1000
Inventories $1600 $2000
Land $3000 $4000
Buildings-net $2800 $2500
Equipments-net $3900 $4000

Current Liabilities $ 900 $ 900

Notes Payable $1800 $2000
Bonds Payable $2400 $2000
Common Stock, $10 par $2000
Retained Earnings $5200

Required : Prepare a Schedule to allocate the excess of investment fair value over
book value.

26
Jawaban Praktikum 9

27
 PRATIKUM X

Consolidated balance sheet workpapers (fair value/book value differentials and

noncontrolling interest)
Pop Corporation acquired a 70 percent interest in Stu Corporation on January 1, 2011,
for $2,800,000, he S c h de e consisted of $2,000,000 capital stock
and $1,200,000 retained earnings. O h da e, he b a e fS a e a d
liabilities was equal to the fair value, except for inventories that were undervalued by
$80,000 and sold in 2011, and plant assets that were undervalued by $320,000 and had
a e a g ef fe f e gh ea f Ja a 1. S e c ea dd de d
for 2011 were $280,000 and $40,000, respectively.
Separate-company balance sheet information for Pop and Stu Corporations at
December 31, 2011, follows (in thousands):
Pop Stu
Cash $ 240 $ 80
Accounts receivable customers 1760 800
Accounts receivable from Pop 40
Dividends receivable 28
Inventories 2,000 1280
Land 400 600
Plant assets net 2,800 1400
Investment in Stu 2,884
$10,112 $4,200
Accounts payable suppliers $ 1200 $ 320
Accounts payable to Stu 40
Dividends payable 160 40
Long-term debt 2,400 400
Capital stock 4,000 2,000
Retained earnings 2,312 1,440
$10, 112 $4,200

Required : Prepare consolidated balance sheet workpapers for Pop Corporation and
Subsidiary at December 31, 2011.

28
Jawaban Pratikum 10

29
 TEHNIK DAN PROSEDUR KONSOLIDASI

Praktikum 11 Waktu : 100 Menit SKS :2

Sub Pokok 1. Konsolidasi dengan metode ekuitas

Bahasan 2. Pengalokasian kelebihan biaya pada aktiva bersih yang dapat
diidentifikasi dan Goodwill.

Tujuan Pembelajaran :

1. Agar mahasiswa memahami tehnik dan prosedur konsolidasi dengan metode ekuitas.
2. Agar mahasiswa memahami tehnik dan prosedur konsolidasi dan pengalokasian
kelebihan biaya investasi dengan metode ekuitas.

Kompetensi yang hendak dicapai :

1. Mahasiswa mampu menyiapkan kertas kerja konsolidasi jika investasi dalam saham
dipertanggung jawabkan dengan metode ekuitas.

2. Mahasiswa mampu menyajikan laporan keuangan konsolidasi dengan metode ekuitas

30
 PRATIKUM XI

Workpapers (year of acquisition, excess assigned to inventory, building

equipment, and goodwill, intercompany balances)

Pa C a ac ed a 70 e ce ee S C a a d g g
common stock Ja a 1, 2011, f $490,000 ca h. The c h de e fS
on this date consisted of $500,000 capital stock and $100,000 retained earnings. The
difference between the fair value of Sol and the underlying equity acquired in Sol was
a g ed $5,000 S de a ed e , $14,000 undervalued buildings,
$21,000 to undervalued equipment, and $60,000 to goodwill
The undervalued inventory items were sold during 2011, and the undervalued
buildings and equipment had remaining useful lives of seven years and three years,
respectively. Depreciation is straight line.
A Dece be 31, 2011, S acc a ab e c de $10,000 owed to Par.
This $10,000 account payable is due on January 15, 2012. Par sold equipment with a
book value of $15,000 for $25,000 on June 1, 2011. This is not an intercompany sale
transaction. Separate financial statements for Par and Sol for 2011 are summarized as
follows (in thousands): Par Sol
Combined Income and Retained Earnings
Statements for the Year Ended December 31
Sales $ 800 $700
Income from Sol 60.2
Gain on equipment 10
Cost of sales (300) (400)
Depreciation expense (155) (60)
Other expenses (160) (140)
Net income 255.2 100
Add: Retained earnings January 1 300 100
Deduct: Dividends (200) (50)
Retained earnings December 31 $ 355.2 $150
Balance Sheet at December 31
Cash $ 96 $ 60
Accounts receivable net 100 70
Dividends receivable 14
Inventories 150 100
Other current assets 70 30
Land 50 100
Buildings net 140 160
Equipment net 570 330
Investment in Sol 515.2
Total assets $1,705.2 $850
Accounts payable $ 200 $ 85
Dividends payable 100 20
Other liabilities 50 95
Capital stock, $10 par 1,000 500
Retained earnings 355.2 150
Total equities $1,705.2 $850

Required : Prepare consolidated working papers for Par Corporation and Sol the year
ended December 31, 2011. Use an Unamortized excess account.

31
Jawaban Praktikum 11

32
 LABA ATAS TRANSAKSI PERSEDIAAN ANTAR
PERUSAHAAN

Praktikum : 12 Waktu :100 Menit SKS :2

Sub Pokok 1. Penjualan arus ke bawah dan arus ke atas

Bahasan 2. laba yang Belum direalisasi dari penjualan arus ke bawah
dan arus ke atas.
3. Konsolidasi laba antar perusahaan dari penjualan arus ke
bawah dan arus ke atas

Tujuan Pembelajaran :
1. Agar mahasiswa memahami laba atas transaksi persediaan antar perusahaan afiliasi
arus ke bawah dan arus ke atas.
2. Agar mahasiswa memahami laporan keuangan konsoliadasi atas transaksi
penjualan persediaan antar perusahaan arus ke bawah dan arus ke atas.

Kompetensi Yang Hendak Dicapai :

1. Mahasiswa mampu menghitung pendapatan investasi dan pendapatan minoritas
atas transaksi persedian antar perusahaan affliasi arus ke bawah dan arus ke atas.
2. Mahasiswa mampu menyusun laporan keuangan konsolidasian atas transaksi
penjualan persedian antar perusahaan arus ke bawah dan arus ke atas

33
 PRAKTIKUM XII
Consolidated workpaper (noncontrolling interest, upstream sales, intercompany
receivables/payables)
Poe Corporation purchased a 90 percent interest in San Corporation on December 31,
2011, for $2,700,000 cash, when San had capital stock of $2,000,000 and retained
earnings of $500,000. All Sa a e a d ab e e e ec ded a fa a e he
Poe acquired its interest. The excess of fair value over book value is goodwill.
The Poe San affiliation is a vertically integrated merchandising operation, with
San selling all of its output to Poe Corporation at 140 percent of its cost. Poe sells the
merchandise acquired from San at 150 percent of its purchase price from San. All of
P e Dece be 31, 2013, a d Dece be 31, 2014, inventories of $280,000 and
$420,000, e ec e , e e ac ed f Sa . Sa Dece be 31, 2013, and
December 31, 2014, inventories were $800,000 each.
P e acc a ab e a Dece be 31, 2014, c de $100,000 ed Sa
from 2014 purchases.
Comparative financial statements for Poe and San Corporations at and for the
year ended December 31, 2014, are as follows:
Poe San
Combined Income and Retained Earnings Statement
for the Year Ended December 31, 2014 (in thousands)
Sales $8,190 $5,600
Income from San 864
Cost of sales (5,460) (4,000)
Other expenses (1,544) (600)
Net income 2,050 1,000
Add: Beginning retained earnings 1,250 700
Deduct: Dividends (1,000) (500)
Retained earnings December 31, 2014 $2,300 $1,200
Balance Sheet at December 31, 2014
Cash $ 758 $ 500
Inventory 420 800
Other current assets 600 200
Plant assets net 3,000 3,000
Investment in San 3,222
Total assets $8,000 $4,500
Current liabilities $1,700 $1,300
Capital stock 4,000 2,000
Retained earnings 2,300 1,200
Total equities $8,000 $4,500

Required : Prepare a consolidation workpaper for Poe Corporation and Subsidiary

for the year ended December 31, 2014.

34
Jawaban Praktikum 12

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Jawaban Praktikum 12

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 PRAKTIKUM XIII
Workpaper in year of acquisition (downstream and upstream sales)
Par C a ac ed a 90 e ce ee Sag C a a d g g
common stock Ja a 1, 2011, f $630,000 ca h. The c h de e f Sag
on this date consisted of $500,000 capital stock and $200,000 retained earnings.
The financial statements of Par and Sag at and for the year ended December 31,
2011, are summarized as follows (in thousands):
Par Sag
Combined Income and Retained Earnings Statement
for the Year Ended December 31, 2011
Sales $ 700 $ 500
Income from Sag 70
Gain on land 10
Gain on equipment 20
Cost of sales (300) (300)
Depreciation expense (90) (35)
Other expenses (200) (65)
Net income 200 110
Beginning retained earnings 600 200
Dividends (100) (50)
Retained earnings December 31 $ 700 $ 260
Balance Sheet at December 31, 2011
Cash $ 35 $ 30
Accounts receivable net 90 110
Inventories 100 80
Other current items 70 40
Land 50 70
Buildings net 200 150
Equipment net 500 400
Investment in Sag 655
$ 1,700 $880
Accounts payable $ 160 $ 50
Other liabilities 340 70
Capital stock, $10 par 500 500
Retained earnings 700 260
$1,700 $ 880

During 2011, Par made sales of $50,000 to Sag at a gross profit of $15,000. One-third
of these sales were inventoried by Sag at year-end. Sag owed Par $10,000 on open
account at December 31, 2011.
Sag sold land that cost $20,000 to Par for $30,000 on July 1, 2011. Par still
owns the land. On January 1, 2011, Par sold equipment with a book value of $20,000
and a remaining useful life of four years to Sag for $40,000. Sag uses straight-line
depreciation and assumes no salvage value on this equipment.

Required : Prepare a consolidation workpaper for Par and Subsidiary for the year
ended December 31, 2011.

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Kunci Jawaban Pratikum 13

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Kunci Jawaban Pratikum 13

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