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  • Kelompok 4 Advance Ko Har

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    Angel Hambali
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    1. The document presents the computation and allocation of the difference between the purchase price and book value of equity for Pisang Co.'s acquisition of a 90% interest in Sirsak Co. 2. It provides the purchase price, book value of equity, and difference between implied value and book value for both Pisang Co. and the non-controlling interest. 3. The difference is then adjusted for undervalued/overvalued assets and allocated to goodwill, with the non-controlling interest's share removed against equity.

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    KELOMPOK 4 ADVANCE KO HAR

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    1. The document presents the computation and allocation of the difference between the purchase price and book value of equity for Pisang Co.'s acquisition of a 90% interest in Sirsak Co. 2. It provides the purchase price, book value of equity, and difference between implied value and book value for both Pisang Co. and the non-controlling interest. 3. The difference is then adjusted for undervalued/overvalued assets and allocated to goodwill, with the non-controlling interest's share removed against equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    20 views8 pages

    Kelompok 4 Advance Ko Har

    Uploaded by

    Angel Hambali
    1. The document presents the computation and allocation of the difference between the purchase price and book value of equity for Pisang Co.'s acquisition of a 90% interest in Sirsak Co. 2. It provides the purchase price, book value of equity, and difference between implied value and book value for both Pisang Co. and the non-controlling interest. 3. The difference is then adjusted for undervalued/overvalued assets and allocated to goodwill, with the non-controlling interest's share removed against equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 8

    1.

    Computation and Allocation of the Difference

    Pisang Co. (90%) Noncontrolling Interest (10%)


    Purchase price and implied value $ 31,500 $ 3,500
    Book value of Equity:
    Common stock $ 16,200 $ 1,800
    Other Contributed Capital $ 6,750 $ 750
    Retained Earning $ 4,500 $ 500
    Total Book value Equity $ 27,450 $ 3,050
    Difference between Implied Value & BV $ 4,050 $ 450
    Adjusted to Fair Value :
    Undervalued Inventory $ (4,500) $ (500)
    Overvalued Building $ 6,750 $ 750
    Goodwill $ 6,300 $ 700
    $ (6,300) $ (700)
    $ - $ -

    Equty in Subsidiary Income


    * Net Income Sirsak Co x 90%
    * ( Sales - COGS - Operating Expense ) x 90%
    * ( 79000 - 18000 - 11000 ) x 90% = 45000

    2018
    1. Common Stock $ 18,000
    Retained Earning $ 5,000
    OCC $ 7,500
    Difference Between IV & BV $ 4,500
    Invesment in Sirsak Co $ 31,500
    NCI in Equity $ 3,500

    2. Dividend Income $ 4,500


    Dividend $ 4,500

    3. Inventory $ 5,000
    Goodwill $ 7,000
    Buuilding $ 7,500
    Difference Between IV & BV $ 4,500

    4. COGS $ 5,000
    Inventory $ 5,000

    5. Building $ 1,875
    Depreciation Expense $ 1,875

    2019
    1. Investment in Sirsak Co $ 15,300
    Retaind Earning $ 15,300

    2. Dividend Income $ 5,400


    Dividend $ 5,400

    3. Common Stock $ 18,000


    OCC $ 7,500
    Retained Earning $ 16,000
    Diference $ 4,500
    Investment in Sirsak Co $ 41,400
    NCI $ 4,600

    4. Inventory
    Goodwill $ 5,000
    Building $ 7,000
    Difference $ 7,500
    $ 4,500

    5. Beg. R/E $ 4,500


    NCI $ 500
    Inventory $ 5,000

    6. Building $ 3,750
    Depreciation Expense $ 1,875
    Beg. R/E $ 1,688
    NCI $ 188

    7. Dividend Payable $ 22,500


    Dividend Receivable $ 22,500
    Total
    $ 35,000

    $ 18,000
    $ 7,500
    $ 5,000
    $ 30,500
    $ 4,500

    $ (5,000)
    $ 7,500
    $ 7,000
    $ (7,000)
    $ -
    CAD ( Computer and Allocation of the Different)
    P S Total
    Purchase Price 1,687,500 562,500 2,250,000
    Book Value, Equity
    Common Stock 300,000 100,000 400,000
    OCC 525,000 175,000 700,000
    Retained Earning 712,500 237,500 950,000
    Total BV Equity 1,537,500 512,500 2,050,000
    Difference (IV-BV) 150,000 50,000 200,000

    Allowed to FV
    Undervalued Account (15,000) (5,000) (20,000)
    Overvalued Invento 26,250 8,750 35,000
    Undervalued Equipm (30,000) (10,000) (40,000)
    Overvalued Vehichle 22,500 7,500 30,000
    Undervalued Account 18,750 6,250 25,000
    172,500 57,500 230,000
    Patent (172,500) (57,500) (230,000)

    EISI & NCI


    2018 EISI NCI in income
    Net Income 187,500 62,500
    Account Receivable-o (15,000) (5,000)
    inventory-offset 26,250 8,750
    Equipment-Depresiat (6,000) (2,000)
    Vehicle-Depresiation 5,625 1,875
    Amortization Expens (17,250) (5,750)
    181,125 60,375
    2019
    Net Income 105,750 35,250
    Equipment-Depresiat (6,000) (2,000)
    Vehicle-Depresiation 5,625 1,875
    Account Payable -Off 18,750 6,250
    Amortization Expens (17,250) (5,750)
    106,875 35,625

    Investment in solub co. 31 Des 2019


    Investment in S (1/1 1,687,500
    EISI 181,125
    Investment in S (1/1 1,868,625
    EISI 106,875
    Dividen (45,000)
    Investment in S (1/1 1,930,500
    Jurnal Eliminasi 2018
    a. Equity in subsidiary Income 181,125
    Investment In S Co. 181,125

    b. C/S 400,000
    OCC 700,000
    R/E 950,000
    Difference between implied & 200,000
    Investment In S Co. 1,687,500
    NCI in Equity 562,500

    c. Account Receivable 20,000


    Equipment 40,000
    Patent 230,000
    Difference 200,000
    Inventory 35,000
    Vehicle 30,000
    Account Payable 25,000

    d. Sales 20,000
    Account Receivable 20,000

    e. Inventories 35,000
    COGS 35,000

    f. Depreciation Expense 8,000


    Equipment 8,000

    g. Vehicle 7,500
    Depre Exp 7,500

    h.

    i. Amortization Expense 23,000


    Patent 23,000
    2019
    Equity in subsidiary Income 106,875
    Investment In S Co. 61,875
    Dividend 45,000

    C/S 400,000
    OCC 700,000
    R/E 1,200,000
    Difference between implied & 200,000
    Investment In S Co. 1,875,000
    NCI in Equity 625,000

    Account Receivable 20,000


    Equipment 40,000
    Patent 230,000
    Difference 200,000
    Inventory 35,000
    Vehicle 30,000
    Account Payable 25,000

    Investment in S 15,000
    NCI 5,000
    Account Receivable 20,000

    Inventories 35,000
    Investment in S 26,250
    NCI 8,750

    Depreciation Expense 8,000


    Investment in S co. 6,000
    NCI in Equity 2,000
    Equipment 16,000

    Vehicle 15,000
    Depre Exp 7,500
    Investment in S 5,625
    NCI 1,875

    Account Payable 25,000


    Purchase/COGS 25,000

    Amortization Expense 23,000


    Investmen in S 17,250
    NCI in Equity 5,750
    Patent 46,000

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