TUE, ‘ementerian RISTEK OM =m Univ tsina Padma oo y 35 P24 aran FahultasEhono. an "ORFs Studi 1 Akuntan 1 Akuntansi he UNIAN AKHIR SEMESTER GANJIL TAHUN 2027/2038 ‘Mata Kullah : AKUNTANS! KEUANGAN LANWUTAN. Dosen: TIM DOSEN Hari/Tanggal : Selasa/ 19 Desember 2017 Waktu: 120menit Sifat Ujian_: Tutup Buku Questions (10 Points) 2. Where does unrealised profit on intra-group trading appear ip the stat 2 What s the effect of intercompany sales of plant assets on parent and consclisared to the year of sale? 3. What amount should be presented in the consolidated statement of financial pasition in respect of 2 winich has been sold? 4. Oo commen stack dividends and stock splits by a subsidiary affect the amounts financial statements? Explain, indicating the tems, f any, that woulo be affected Complete the equation for calculating the NCI figure n the statement of financial Eos Non-controling interest Fair value of NCI at acquisition Plus cnn ee NCI at reporting date nent of profit or 195s? net ingame in years 240% at appear in the consolidate x x k ‘TRUE OR FALSE STATEMENT (Put tickmark at the correct answer, and you MUST give brief explanation 10 support your answer} (10 Points) 1 if 3 company owns more than 50% of the ordinary shi classifiea as a subsidiary. True, because False, because tment wall sha ss of another company, the inve Consolidated accounts are required fora group of companies in order to represent the let substance, of the relationship between the parent and its subsidiaries. True, because False, because ‘an trade investment is an entity in which an investor has significant influence, which is neither a supsidiary or a joint venture of the investor. Ge becise eee eee ea For consolidated statement purposes, the gain or loss on the constructive retirement of bonds is the dif between the book value of the bond liability and the purchase price of the bond investment. (leben eee False, because Constructive gains and losses aise when ane company purchases the bonds of an affiliate or lends money dire the affiliate to repurchase its own bonds (eve becuse ccc eee eee eeeecg Paltet Gece ess MULTIPLE CHOICE (10 Points) ‘The direction of intercompany sales (upstream or downstream) does not aftect consolidation workpeeer ° “dures when the intercompany sales between affiliates are made: proce! at3 AS fae vale CAL book vai b Auove market val 3 Tow i609 percent ou ed subsid ny 2 sar Corpo a fan 3 90 Percent-owned subsidiary c° ven Corporation, Buys half of is 4a «aterias from Pan The aime pre a yekaetly 8 same price as Sar pays buy ie al raw materials rom outside supals nd Cs Comoran can Sells tie mst¥0as to unrelated customers. bn «paring consohdatod statements 10! fm Corporation and Subsidiary Baar atEomoany transactions can be lnored because the transfer price rapresents amJength Bargaining ny unr alized profit from intere unrealized profit in Pan's beg Any unrealized profit on the 4 Only 90 percent of any unre ‘Ompany sales remaining in Pan's ending inventory must be offset against the !neing inventory intercompany transactions in Sars ending inventory is eliminated in its entwety lized profit on the intercompany :ransactions in Sar’s ending inventory is eliminated The affiation structure for Pin Corporation and its subsiaiares is as follows. P> 70% 5 80% 7 Separate incomes of Pin, Son, ane Tan Corporations for 2011 are $360,000, $160,000, and $100,000, respectively The equation for determining Pin's income fram Son en a one-line consolidation basis for 2011 Is. 3 $160,000 * 70% 9 ($160,000 70%) + ($100,000 * 30%) © ($160,000 * 70%) «($100,000 * 56%) 470% * ($160,000 * $100,200) Pot Comoany owns 100 percent of Sal Comoany. On January 1, 2021, Pot sold Sal delivery equipment at 3 gain. Pot had owned the equioment for two years and used a five-year straight-line depreciation rate wit’ n9 resiaual value. Sal is using a three-year straightdine depreciation rae with no residual value for the equioment. In the consolidates income statement, Sal’s recordes depreciation expense an tne quipment for 2012 will be decreased 20% of the gain an sale 33 33% of the gain on sale 50% the gain on sale 0.100% of the gain on sale 5. Straight-line interest amortization of bond premiums snd discounts ‘lems Book, However, the effectiveinterest rate method is, Interest rate method: 3, The amount of the piecemeal recognition of 3 constructive gain oF 'oss is the difference between the intercompany interest expense ang income that s eliminated. b, The piecemeal recognition of a constructive gain or loss s recorded in the separate accounts of the affiliates. c._No piecemeal recognition of the constructive gain or foss s required for dd. The issuing and the purchasing affiliates do not amortize books because the bonds are retirea, is used as an expedient in advanced accounting 'eraily @quired under SAK. When using the effective consolidated statement purposes, ‘the discounts and premums on their separate MANDATORY CASE (30 Points} Selected amount from separate unconsolidated financial statements of North Corporation and its 90 Subsidiary, West Company, at december 31 2026, are as follows, percent-owned in thousands), dincome Statement A West Selected Income Statement Am “Interest expense Deorecation 21uouulated depres vestinent in Vest est atin bonds S payable Common stack aa isin Adgitioral paid-in capital Retained e: Selected Statement of Retained Earning Amounts SegcningSalanse Decerber 51 2070 sa | m0 Net income i 42a i 140 Dividends paid 160 i 60. Accitional information i: 1. On January 2, 2026, North purchased 90 percent af West's 200,000 outstanding common stock for cash of § 305,000. On date. West's stocholder’s equity equaled $ 300,000 and the fair value of West's assets and liabilities ‘equaled their carrying amounts. North accounted for combination as an aquisition. The difference between fair value an book value was due to goodwill On September 4, 2016, West paid cash dividends of S 60,000. On December 51, 2026, North recorded its equity in West's earning On January 3, 2026, West sold equipment with an original cost of $ 60,000 and carrying value of $ 30,000 to North for $ 72,000, The equipment had a remaining life of thrae years was cepreciated using the straight-line method by both companies. During 2018, West sold merchandise to North for $120,000, which included a profit of $20,000. At December 31, 2036, naif of this merchandise remained in Nort’s inventories. ‘On December 31, 2016, North paid $ 182,000 to purchase haif of the outstanding bonds issued by West. The bonds mature on December 31, 2022, and were onginally ssuec at par These bonds aay interest annually on December 31 of each year, and the interest was pad o the prior investor immediately before Noth’s purchase of the bonds Required Determine the amounts at which the following items will apoear in the consolidated fin ‘ancial st Corporation and subsidiary for the year ended December 33, 2036, ‘atements of North from westmentin subsidiary | 13“ lavesimentin bonds sina on [39 | Bonds pavable sas aonFrreiEeeare creer eet Camman aee 38 | Additional paid-in capital Retained earning | in (055) on Bonds ELECTIVE CASES (40 Points) ( Please chose 2 cases over 3 cases below) 1. Paies Corporation ourcnased a 70 percent nteestin Tine Corperation on had captal stock of $ 50.000 and retamed earnings of n 1auary, 2, 2011, for ean '8 9F$ 10.000. On tun, 30,2012, pares cs A000. when Tine 20 percent interest for $38,500. 12, Pales purchased an addition aIal wecomber 31, 2012 are noaratve fn srictoui Gas ee a tnousana) 1 Tine Carperation at and for the» a_i See pea ‘otal Assets 300 300 | abilities 20 15 | ‘Commen stock Aso 50 Retained earning joel sees Total Equities $300 ! 5100 Required : ‘ent in Tine account at December. 31, 1. Prepare a schedule explaining 2012 Compute goodwill zat will apgear in the December, 31, Srapare a ecnedule computing consoigated net income for 201 Compute consolidated retained earnings on December. 2012, Compute noncontraling interest on December, 32, 2012 the $ 85,500 balance in Pales's investms 2012, consolidated balance sheet an 85 percent interest in Sanuvari Corporation on August 1. 2027, for Rp522,750,000 Penal 0 85 percent of the underivng equity of Sandbar ‘hat date. In August 2017, Sanubari sold inventory items aaa ida for $960 000,000 at #gF055 profit of RE1S.000. 000 ‘onethicd of these items remained in Panda’s inventory we pecember 31, 2017. On September 30. 28%, Panda sold an inventory item (equipment) to Sanubar' for p50, 000,000 ata gross profit to Pande of 10,000,000. When this equipment was placed in service by Sanubart eso snowmen cen on a ee ren se nines on June 15 and December 15, and ts ncowe Ws earned in relatively-equal amounts throughout each quarter of the year, Panda apples the aunty method, such that its net income ws equal to the controlling share of seatements for Panda and Sanubsri are as follows (in thousands: neuen Panda Corporation acquired consolidated net income. Financt Panda 7 Combined Income and Retained Earnings Statement Sanubari Far tne vear Endea December 32,2037 a p910,000 income from Sanubart ss Rpa00,000, Sf sal a St aes tide) ison Net income tezoo.oco) (Ra 20.000 ‘add: Beginning retained earnings a oat Rp 60,000 Deduct: Divaends cea aad Rp100,000 ember 31 (80100,000) {Rp 40,000) Rp310,000 Rp 120,000 Retained earnings Dec Balance Sheet at December 31, 2017 Rp 33,750 Rp 10,000 cash wvidends receivable owidends a mAccounts receiv ble at Faventoris Plant assets—net fo 1 fp 7,009 Investment in Sanu Ro 309, gpL50,00" eo hp 880.000 PLO! Accounts jay Rp 515.250 ryote ptges,e11—p730.000 Owidends piyabte merisian, tp 300% Capital stock La eee ee fpisoono —Wysnnew” Total equities ap__319,000 —RPI29.000 Rpi.So4.000 fp? 30,000 REQUIRED: Prepare a consolidatic consolidation workpaper journaling or the year enced December 31, 2017 3. Comparative financial sta tateents fr Penny Corgoration and its subsidares ily ane Tiptop Corporations, for *Pe vyear ended December 31, 2017, areas follows jn thousands) - penny Sly ‘Tinton Income and Retained Earnings Statement : : : for the Yer Ene Decoumber 3 sal sis '%9500.000 Rp300.000 Rp100.000 some from Sirly 72.000, Ps . Income from Tiptop >500 10.000 = ee 900) (150.000) (60.000) Other expenses “_{360.000)__170.0001__5.090) ene 384500 90.000. 25.000 Add: Beginning retaines earnings 115500 160.000 45.000 Deduct: Dividends 180.000) [40.0901 {10.000} Ending retained earnings i39220.000 Rp210.000 Rp 60.000 Balance Sheet at December 31, cash Rp 67.000 Rp 36.000 Rn10.000 Accounts receivable—net 70.900 $0000 20.000 inventories 110.000 7000 35.000 Plant and equipment—net 140.000 425.000 118.000 Investment in Sirty (80%) 508,000 - - Investment in Tiptoo (50%) 95.000 - - Investment in Tiptop (30%) eee 7 ea '%p980.000 Rp660.000 Rp180.000 Total assets Accounts payable 70.000 40000 18.000 other liabilities compe 20.000 dd aa 600.000 400.000 100.000 Retained earnings eee tae ape 9990.00 Rp660,000 p180.000 Total equities nal information 4, da pevemoer 3, 2026 the inventory of Ski cluded iventery ‘ems acquire from Penny at 2 profit of merchandise '5| held by Sirly at December 31, 2017. Sirly owes Tiptop Rp10,000.000 on this merchandise. repare a consolidation workoaper ouralzing forthe year ended Cecember 31,2017 st