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E16.

NW dr utang konversi pd saat oenerbitan = 60.000


NW dr komponen liability pada saat penerbita = 53.933
NW komponen ekuitas pd tgl penerbitan = 6.007

a) 1 jan15
kas 60.000
utg obl 53.993
agio sahamekuitas konversi 6.007

(b) 31 Des15
b.bunga 4.265
utg 735
kas 5.000

(c) 31 des15
agio saham ekuitas konversi 6.007
utg obl 51.783
modal SB(6,000 X 1) 6.000
agio SB 51. 790
(Continued)

(d) Mengitung untung atau rugi:


PV dari komponen liabilitas pada 31 de17 54.000
(-) nilaitercatat 31 des17 51.783
rugi repurcharse 2.217

penyesuaian ekuitas:
NW of convertible bonds 31 des17 55.500
(-) komponen ekuitas 31 des17 54.000
penyesuain agio saham-ekuitas konversi 1.500

agio saham-ekuitas konversi 1,500


utg obl 51,783
rugi Repurchase 2,217
kas 55,500

(e) Beban bunga 4,074


utg obl 926
kas 5,000

utg obl 50,000


kas 50,000
E16-5
Fair value of convertibel debt of issuance (98% x 3.000.000) = 2.940.000
Fair value of liability component pada saat penerbita = 2.655.888
Fair value of equity component pd tgl penerbitan = 288.112
(a) Cash 2.940.000
Bonds Payable 2.655.888
Share PremiumConversion Equity 284.112
Date Cash Interest Disount Nilai
paid expens ed buku
(10 %) e 12 %, amortis
n=6 ation
1/4/15 2.655.88
8
1/10/15 150.000 159.353 9.353 2.665.24
(b) Interest Expense 159,353
Bonds Payable 9,353
1
1/4/16
Cash 150.000 159.914
150,000 9.914 2.675.15
(c) Interest Expense 159,914 5
Bonds Payable 9,914
Cash 150,000

Share PremiumConversion Equity (284,112 X 1/3) 94,704


Bonds Payable 891,718*
Share CapitalOrdinary (30,000 X 20) 600,000
Share PremiumOrdinary 386,422
*(2,655,888 + 9,353 + 9,914) X 1/3
E16.9

Cash (30.000 lbr x $10.000 x 104 % )+ 6.000.000) 318,000,000


Bonds Payable 290,000,000
Share PremiumShare Warrants (312 jt- 290 jt) 22,000,000
Bond Interest Expense ( 300 jt x 8 %) x 3/12) 6,000,000
E16-11
2 jan15 tidak ada entry (total compensation cost is $600.000)
31 des15 Compensation Expense ($600.000/2) 300.000
Share PremiumShare Options 300.000

31 des16 Compensation Expense 300.000
Share PremiumShare Options 300.000

3 jan17 Cash (30.000 lbr X $40) 1.200.000
Share PremiumShare Options ($600.000 X 75 %) 450.000
Share CapitalOrdinary (30.000 lbr X $10) 300.000
Share PremiumOrdinary 1.350.000

1mei17 Cash (10.000 X $40) 400.000


Share PremiumShare Options ( 600.000 x 25 %) 150.000
Share CapitalOrdinary(10.000 lbr X $10) 100.000
Share PremiumOrdinary 450.000
E16-13
1 jan14 tidak ada jurnal total biaya kompensasi $ 450.000)
31des14 Compensation Expense 225.000
Share PremiumShare Options ($450.000/2) 225.000

31 des15 Compensation Expense 225.000


Share PremiumShare Options 225.000

1 may 16 Cash (9.000 lbr X $20) 180.000


Share PremiumShare Options (450.000 x 90 %) 405.000
Share CapitalOrdinary (9.000 lbr X $5) 45.000
Share PremiumOrdinary 540.000
\
1 jan18 Paid-in CapitalShare Options 45,000
Share PremiumExpired Share Options ($450.000 x 10 %) 45,000
EXERCISE 16-17
(a)
Dates Shares Fraction Weighted
Event Outstanding Outstanding Restatement of Year Shares

Beginning balance Jan. 1Feb. 1 480,000 1.2 X 3.0 1/12 144,000

Diterbitkan Feb. 1Mar. 1 600,000 1.2 X 3.0 1/12 180,000


saham120.000 lbr
Share dividend 20 % SD Mar. 1May 1 720,000 3.0 2/12 360,000

Reacquired shares May 1June 1 620,000 3.0 1/12 155,000


100.000 lbr
Share split (3:1) June 1Oct. 1 1,860,000 4/12 620,000

Reissued shares 60.000 Oct. 1Dec. 31 1,920,000 3/12 480,000


lbr T?S
Weighted-average number of shares outstanding 1,939,000
$ 3.256.000.000 (Net
Earnings Per Income) =
(b)
Share = 1.939.000 (Weighted- $1,679.22
Average Shares)

$3.256,000.000
Earnings Per $900.000 =
(c)
Share = 1.939.000 $1,678.75

(d)
Net income
a

3,256,000,000
Add loss from discontinued operations
432,000,000
Income from continuing operations
3,688,000,000

EPS income continuing operations = $3.688.000.000/ 1.939.000 lbr = $1.902,01


EPS loss from discounted operations= $432.000.000 / 1.939.000 lbr = S222,80
EPS net icome = $1.679,21
E16-23
(a) Revenues $17,500
Expenses:
Other than interest $8,400
Bond interest (75 lbr X $950 X 10 %) 7.125 15.525
Income before income taxes 1.975
Income taxes (40%) 790
Net income $ 1.185

Diluted earnings per share= 1.185 + (1-40 %)(7.125) = 0,57


2.000 lbr + (75 lbr obl x 100 lbr SB)

(b) Revenues $17.500


Expenses:
Other than interest $8.400
Bond interest (75 lbr X $950 X 10 %x 4/12) 2.375 10.775
Income before income taxes 6.725
Income taxes (40%) 2.690
Net income $ 4,035

Diluted earnings per share= 4.035 + (1-40 %)(2.375) = 1,21


2.000 lbr + (75 lbr obl x 100 lbr SB)
(c) Revenues
$17.500
Expenses:
Other than interest $8.400
Bond interest (75 lbr X $950 X 10 %x 6/12) 3.563
Bond interest (50 lbr X $950 X 10 %x 6/12) 2.375
14.338
Income before income taxes
3.162
Income taxes (40%)
1.265
Net income $
1.897

Diluted earnings per share sama dengan jawaban a karena semua obl
diasumsikan dikonversi pada tahun 2016.

Diluted earnings per share= 1.897 + (1-40 %)(5.938) = 0,57


2.000 lbr + 75.000 lbr
(a)
2. Cash ( $200.000 x 104 %) 208.000
Bonds Payable 192.000
Share PremiumShare Warrants 16.000
3. Cash* 304.000
Share CapitalOrdinary (9.500 X 10) 95.000
Share PremiumOrdinary 209.000
*[(100.000 5.000) rights (10 rights/share)] X $32 = 304.000

4. Share PremiumShare Warrants ($16.000 X 80%) 12.800


Cash* 48.000
Share CapitalOrdinary (1.600 X $10) 16.000
Share PremiumOrdinary 44.800
*80 % X ($200.000/$100 per bond) = 1,600
*warrants exercised; 1.600 X $30 = $48.000
5. Compensation Expense* 100.000
Share PremiumShare Options 100.000
*$10 X 10.000 options = $100.000
For options exercised:
Cash (10.000 lbr-1.000 lbr )X $30) 270.000
Share PremiumShare Options (90% X $100/000) 90.000
Share CapitalOrdinary (9.000 lbr X $10) 90.000
Share PremiumOrdinary 270.000

For options lapsed:


Share PremiumShare Options 10.000
Compensation Expense(10 %x $100.000) 10.000

(b) Equity:
Share CapitalOrdinary 10 par value, authorized 1,000,000 shares, 320,100 shares issued and
outstanding (300.000 lbr + 9.500 lbr + 1.600 lbr + 9.000 lbr)
$3.201.000
Share PremiumOrdinary (600.000 +209.000+44.800+270.000) 1.123.800
Share PremiumShare Warrants (16.000-12.800) 3.200
Retained Earnings 750.000
Total Equity $5.078.000
P16.4
A. Basic EPS = Net income ( $1.500.000)- div. Sp ( 6 %x $1.250.000) = $ 1,43 / lbr
rata-rata SB yang beredar (1.000.000 lbr)
b. Diluted EPS
= Net income ( $1.500.000)- div. Sp ( 6 %x $1.250.000)+ interest (net of tax ) ($270.000) = $ 1,30 / lbr
rata-rata SB yang beredar (1.000.000 lbr)+ potentially dilutive SB ($250.000 +$50.000)

*270.000= $450.0000 x 60 %
*250.000 = (5.000.000 lbr/ 1.000 lbr) x $50

*50.000 =
metode incremental T/S
saham beredar
Proceeds from exercise of options (200,000 X R$15) = 3,000,000

Shares issued upon exercise of options 200,000


Shares purchasable with proceeds(Proceeds Average market price) (R$3,000,000 $20) (150,000)
Incremental shares outstanding 50.000
The number of shares used to compute basic earnings per share is 4,951,000, as calculated below.

Dates Shares Fraction Weighted


Event Outstanding Outstanding Restatement of Year Shares

Beginning Balance,
including 5% share Jan. 1Apr. 1 2,100,000 2.0 3/12 1,050,000
dividend
Conversion of
preference share Apr. 1July 1 2,520,000 2.0 3/12 1,260,000

Share split July 1Aug. 1 5,040,000 1/12 420,000

Issued shares for


building Aug. 1Nov. 1 5,340,000 3/12 1,335,000

Purchase of treasury
shares Nov. 1Dec. 31 5,316,000 2/12 886,000

Total number of ordinary shares to compute basic earnings per share 4,951,000
(b) The number of shares used to compute diluted earnings per share is 5,791,000, as
shown below.
Number of shares to compute basic earnings per
share 4,951,000
Convertible preference sharesstill outstanding
(300,000 X 2 X 1.05) 630,000
Convertible preference sharesconverted
(400,000 X 2 X 1.05 X 3/12) 210,000
Number of shares to compute diluted earnings
per share 5,791,000
(c) The adjusted net income to be used as the numerator in the basic earnings per share
calculation for the year ended December 31, 2016, is $10,350,000, as computed below.
After-tax net income $11,550,000
Preference share dividends
March 31 (700,000 X $.75) $525,000
June 30, September 30,
and December 31
(300,000 X $.75 X 3) 675,000 1,200,000
Adjusted net income $10,350,000