Angelo Fernando

01012190021
CHAPTER 15 - PERTEMUAN 01

Brief exercise 15.10

Declaration Date (At date of declaration)

Aug-01 Retained Earnings $ 2,000,000
Dividends Payable $ 2,000,000
(2,000,000 X 1)

Record Date (At Date of Record)

Aug-15 No entry

Payment Date
Sep-09 Dividends Payable $ 2,000,000
Cash $ 2,000,000
(2,000,000 X 1)

Brief exercise 15.11

Declaration Date (At date of declaration)

Sept 21, 2020 Equity Investments R$ 325,000
Unrealized Holding Gain or Loss - Income R$ 325,000
(1,200,000 - 875,000)
Retained Earnings (Property Dividends Declared) R$ 1,200,000
Property Dividends Payable R$ 1,200,000
 Record Date (At Date of Record)
Oct 8, 2020 No entry

At date of distribution
Oct 23, 2020 Property Dividends Payable R$ 1,200,000
Equity Investments R$ 1,200,000

Brief exercise 15.14

Declaration Date (At date of declaration)
Retained Earnings
(400,000 x 10) $ 4,000,000
Ordinary Share dividend Distributable $ 4,000,000

At date of distribution
Ordinary Share Dividend Distributable $ 4,000,000
Share Capital - Ordinary $ 4,000,000

Exercise 15.2
2019 Jan-10 Cash
(80,000 X 5) $ 400,000
Share Capital - Ordinary
(80,000 X 2) $ 160,000
Share Premium - Ordinary
(80,000 X 3) $ 240,000

Mar-01 Cash
(108 X 5,000) $ 540,000
Share Capital - Preference
(50 X 5,000) $ 250,000
Share Premium - Preference
 (540,000 - 250,000) $ 290,000

Apr-01 Land $ 80,000

Share Capital - Ordinary
(2 X 24,000) $ 48,000
Share Premium - Ordinary
(80,000 - 48,000) $ 32,000

May-01 Cash
(80,000 X 7) $ 560,000
Share Capital - Ordinary
(80,000 X 2) $ 160,000
Share Premium - Ordinary
(560,000 - 160,000) $ 400,000

Aug-01 Organization Expense $ 50,000

Share Capital - Ordinary
(10,000 X 2) $ 20,000
Share Premium - Ordinary
(50,000 - 20,000) $ 30,000

Sep-01 Cash
(9 X 10,000) $ 90,000
Share Capital - Ordinary
(10,000 X 2) $ 20,000
Share Premium - Ordinary
(90,000 - 20,000) $ 70,000

Nov-01 Cash
(112 X 1,000) $ 112,000
 Share Capital - Preference
(50 X 1,000) $ 50,000
Share Premium - Preference
(112,000 - 50,000) $ 62,000

Exercise 15.3
a. Land
(25,000 X 60) £ 1,500,000
Treasury Shares
(48 X 25,000) £ 1,200,000
Share Premium - Treasury
(1,500,000 - 1,200,000) £ 300,000

b. Probabilitas yang mungkin dapat digunakan yaitu menghitung hasil land dengan menggunakan
harga perolehan / cost dari treasury shares. Tetapi cara ini tidak memungkinkan dan tidak relevan
untuk kegiatan ekonomi. Yang paling sesuai alternatifnya, yaitu dengan menggunakan
appraised value. Alternatif yang terbaik, yaitu menggunakan fair value untuk menghitung harga
dari sharenya.

Exercise 15.5
a. Fair value of ordinary
(500 X 168) € 84,000
Fair value of preference
(100 X 210) € 21,000
Aggregate fair value € 105,000

Allocate to ordinary:
(84,000 / 105,000) X 100,000 € 80,000
Allocate to preference:
(21,000 / 105,000) X 100,000 € 20,000
 Total allocation € 100,000

Cash € 100,000
Share Capital - Ordinary
(500 X 10) € 5,000
Share Premium - Ordinary
(80,000 - 5,000) € 75,000
Share Capital - Preference
(100 X 100) € 10,000
Share Premium - Preference
(20,000 - 10,000) € 10,000

b. Lump-sum receipt € 100,000

Allocated to Ordinary (500X170) € 85,000
Balance allocated to preferences € 15,000

Cash € 100,000
Share Capital - Ordinary
(500 X 10) € 5,000
Share Premium - Ordinary
(85,000 - 5,000) € 80,000
Share Capital - Preference
(100 X 100) € 10,000
Share Premium - Preference
(15,000 - 10,000) € 5,000