1-Jan-16

Cost(90%) $ 3,600,000.00
Book value $ 4,000,000.00
implied value $ 4,000,000.00
excess $ -
rincian jurnal 2
2016
PARENT (Pam)
Inventory $ 600,000.00
Accounts Payable $ 600,000.00

Accounts Receivable $ 500,000.00

Sales $ 500,000.00
Cost of Sales $ 300,000.00
Inventory $ 300,000.00

2017
PARENT (Pam)
Inventory $ 800,000.00
Accounts Payable $ 800,000.00

Accounts Receivable $ 1,166,666.67

Sales $ 1,166,666.67
Cost of Sales $ 700,000.00
Inventory $ 700,000.00

Rincian jurnal 3 dan 4

Jurnal PT ANAK Jurnal PT INDUK
Dividend $ 450,000.0 Cash
Cash $ 450,000.0 Investment in PT ANAK

Income from ANAK

Investment in PT ANAK
Investment in PT ANAK
Income from ANAK
Dividend $ 50,000.0 Cash
Cash $ 50,000.0 NCI

NCI
NCI Shares

NCI Shares
NCI
 SUBSIDIARY (Sun) GABUNGAN
Accounts Receivable $ 600,000.00 Accounts Receivable
Sales $ 600,000.00
Cost of Sales $ 360,000.00 Cost of Sales
Inventory $ 360,000.00
Inventory

Accounts Receivable

Cost of Sales

SUBSIDIARY (Sun) GABUNGAN

Accounts Receivable $ 800,000.00 Accounts Receivable
Sales $ 800,000.00
Cost of Sales $ 480,000.00 Cost of Sales
Inventory $ 480,000.00
Inventory

Accounts Receivable

Cost of Sales

Jurnal PT INDUK Jurnal Gabungan

$ 450,000.0 Investment in PT ANAK $ 414,000.0
$ 450,000.0 Dividend expense $ 450,000.0
Income from ANAK
$ 36,000.0
$ 36,000.0
$ 900,000.0
$ 900,000.0

NCI
$ 50,000.0 Dividend expense $ 50,000.0
$ 50,000.0 NCI $ 46,000.0
NCI Shares
$ 100,000.0
$ 100,000.0

$ 4,000.0
$ 4,000.0
 GABUNGAN ELIMINASI
$ 600,000.00 Sales
Sales $ 600,000.00
$ 360,000.00 Cost of Sales
Inventory $ 360,000.00
$ 600,000.00 Accounts Payable
Accounts Payable $ 600,000.00
$ 500,000.00
Sales $ 500,000.00
$ 300,000.00
Inventory $ 300,000.00

GABUNGAN ELIMINASI
$ 800,000.00 Sales
Sales $ 800,000.00
$ 480,000.00 Cost of Sales
Inventory $ 480,000.00
$ 800,000.00 Accounts Payable
Accounts Payable $ 800,000.00
$ 1,166,666.67 Investment in Sun
Sales $ 1,166,666.67 NCI
$ 700,000.00
Inventory $ 700,000.00

gan Jurnal eliminasi

Income from ANAK $ 864,000.0
Dividend expense $ 450,000.0
$ 864,000.0 Investment in ANAK $ 414,000.0
 NCI Shares $ 96,000.0
NCI $ 46,000.0
$ 96,000.0 Dividend expense $ 50,000.0
 SETELAH ELIMINASI
$ 600,000.00
Cost of Sales $ 600,000.00 Accounts Receivable
$ 120,000.00 Sales
Inventory $ 120,000.00 Cost of Sales
$ 600,000.00 Inventory
Accounts Receivable $ 600,000.00 Ending inventory
Gross profit (40%)
Ending inv. (consolidated)
Selisih

SETELAH ELIMINASI
$ 800,000.00
Cost of Sales $ 800,000.00 Accounts Receivable
$ 160,000.00 Sales
Inventory $ 160,000.00 Cost of Sales
$ 800,000.00 Inventory
Accounts Receivable $ 800,000.00 Ending inventory
$ 108,000.00 Gross profit (40%)
$ 12,000.00 Ending inv. (consolidated)
Cost of Sales $ 120,000.00 Selisih
 inventory st December 31
2016 $ 300,000.00
$ 500,000.00 2017 $ 400,000.00
$ 500,000.00
$ 180,000.00
$ 180,000.00 upstream
$ 300,000.00 2016
$ 120,000.00 sales to Pam $ 600,000.00
solidated) $ 180,000.00 gross profit(40%) $ 240,000.00
$ 120,000.00 hpp $ 360,000.00

$ 1,166,666.67
$ 1,166,666.67
$ 540,000.00
$ 540,000.00
$ 400,000.00
$ -160,000.00
solidated) $ 240,000.00
$ 160,000.00
 2017
$ 800,000.00
$ 320,000.00
$ 480,000.00
Investment in subsidiary NCI
4,050,000.00 450,000.00 450,000.00 50,000.00
900,000.00 144,000.00 100,000.00 16,000.00

4,356,000.00 484,000.00
Penghitungan income from S
Sun's net income $ 900,000.00
Add : Unrealized deffered profit in 2016 $ 108,000.00
Less : Unrealized profit in Dec 31 2017 $ 144,000.00
Income From S $ 864,000.00
Dividend $ 450,000.00

Penghitungan Noncontrolling interest Share

Sun's net income $ 100,000.00
Add : Unrealized deffered profit in 2016 $ 12,000.00
Less : Unrealized profit in Dec 31 2017 $ 16,000.00
$ 96,000.00
Dividend 50,000.00
Jurnal eliminasi
1. Adjust for errors & omissions (none)

2. Eliminate intercompany profits and losses

Sales 800,000
Cost of sales 800,000

Cost of sales 160,000

Inventory 160,000

Investment in S 108,000
Noncontolling interest 12,000
Cost of Sales 120,000

3.eliminasi income dan dividend

Income From S 864,000
Dividen 450,000
Investment in S 414,000

4. Record noncontrolling interest in sub.'s earnings & dividends

Noncontrolling interest Share 96,000
Dividen 50,000
Noncontrolling interest 46,000

5. Eliminate reciprocal Investment & sub.'s equity balances

Retained Earnings 1,500,000
Common Stock 3,000,000
Investment in S 4,050,000
Noncontrolling Interest 450,000

6. Amortize fair value/book value differentials (none)

7. Eliminate other reciprocal balances

Account payable $ 800,000.00
Account receivable $ 800,000.00
 Pam Sun Dr Cr
Income Statement
Sales $ 13,000,000.00 $ 6,500,000.00 $ 800,000.00
Income from Sun $ 864,000.00 $ 864,000.00
Cost of goods sold $ 8,000,000.00 $ 3,900,000.00 $ 160,000.00 $ 920,000.00
Other expense $ 3,400,000.00 $ 1,600,000.00
Noncontrolling interest Share $ - $ - $ 96,000.00
Controlling Share of Net income $ 2,464,000.00 $ 1,000,000.00

Retained Earnings Statement

Retained Earnings 1 Jan 2017 $ 3,692,000.00 $ 1,500,000.00 $ 1,500,000.00
Controlling Share of Net income $ 2,464,000.00 $ 1,000,000.00
Dividen $ 1,000,000.00 $ 500,000.00 $ 500,000.00
Retained Earnings 31 des 2017 $ 5,156,000.00 $ 2,000,000.00

Balance Sheet
Cash $ 1,000,000.00 $ 200,000.00
Receivables $ 2,000,000.00 $ 500,000.00 $ 800,000.00
Inventories $ 2,400,000.00 $ 1,000,000.00 $ 160,000.00
Plant Assets $ 2,500,000.00 $ 4,800,000.00
Investment in Sun $ 4,356,000.00 $ - $ 108,000.00 $ 4,464,000.00
Total Assets $ 12,256,000.00 $ 6,500,000.00
Accounts payable $ 1,500,000.00 $ 900,000.00 $ 800,000.00
Other Liabilities $ 600,000.00 $ 600,000.00
Capital Stock $10 par $ 5,000,000.00 $ 3,000,000.00 $ 3,000,000.00
Retained Earnings 31 des 2017 $ 5,156,000.00 $ 2,000,000.00
Noncontrolling Interest $ - $ - $ - $ 484,000.00
Total Liabilities and Equity $ 12,256,000.00 $ 6,500,000.00 $ 7,328,000.00 $ 7,328,000.00
Consolidated

$ 18,700,000.00
$ -
$ 11,140,000.00
$ 5,000,000.00
$ 96,000.00
$ 2,464,000.00

$ 4,914,000.00
$ 3,692,000.00 450000
$ 2,464,000.00 $ 4,464,000.00
$ 1,000,000.00
$ 5,156,000.00

$ 1,200,000.00
$ 1,700,000.00
$ 3,240,000.00
$ 7,300,000.00
$ -
$ 13,440,000.00
$ 1,600,000.00
$ 1,200,000.00
$ 5,000,000.00
$ 5,156,000.00
$ 484,000.00
$ 13,440,000.00
Unadjusted investment in Justin Bhd $ 3,474,000.00
ADD: Income from BE $ 36,000.00
DIVIDENDS $ 90,000.00
Beginning investment in Justin $ 3,600,000.00

implied fair value $ 4,000,000.00

book value $ 3,800,000.00
goodwill $ 200,000.00
rincian jurnal 2
2016
PARENT (Epik)
Inventory $ 5,000,000.00
Accounts Payable $ 5,000,000.00

Accounts Receivable $ 6,000,000.00

Sales $ 6,000,000.00
Cost of Sales $ 4,800,000.00
Inventory $ 4,800,000.00

2017
PARENT (Epik)
Inventory $ 8,000,000.00
Accounts Payable $ 8,000,000.00

Accounts Receivable $ 8,777,777.78

Sales $ 8,777,777.78
Cost of Sales $ 7,900,000.00
Inventory $ 7,900,000.00

Rincian jurnal 3 dan 4

Jurnal Justin Bhd Jurnal EPIK
Dividend $ 90,000.0 Cash
Cash $ 90,000.0 Investment in Justin Bhd

Investment in Justin Bhd

Income from Justin Bhd
Investment in Justin Bhd
Income from Justin Bhd
Dividend $ 10,000.0 Cash
Cash $ 10,000.0 NCI

NCI
NCI Shares

NCI
NCI Shares
 SUBSIDIARY (Justin) GABUNGAN
Accounts Receivable $ 5,000,000.00 Accounts Receivable
Sales $ 5,000,000.00
Cost of Sales $ 4,000,000.00 Cost of Sales
Inventory $ 4,000,000.00
Inventory

Accounts Receivable

Cost of Sales

SUBSIDIARY (Justin) GABUNGAN

Accounts Receivable $ 8,000,000.00 Accounts Receivable
Sales $ 8,000,000.00
Cost of Sales $ 7,200,000.00 Cost of Sales
Inventory $ 7,200,000.00
Inventory

Accounts Receivable

Cost of Sales

1000

Jurnal EPIK Jurnal Gabungan

$ 90,000.0 Investment in Justin Bhd $ 656,000.0
$ 90,000.0 Dividend expense $ 90,000.0
Income from Justin Bhd
$ 26,000.0
$ 26,000.0
$ 720,000.0
$ 720,000.0

NCI
$ 10,000.0 Dividend expense $ 10,000.0
$ 10,000.0 NCI $ 74,000.0
NCI Shares
$ 80,000.0
$ 80,000.0

$ 4,000.0
$ 4,000.0
 GABUNGAN ELIMINASI
$ 5,000,000.00 Sales
Sales $ 5,000,000.00
$ 4,000,000.00 Cost of Sales
Inventory $ 4,000,000.00
$ 5,000,000.00 Accounts Payable
Accounts Payable $ 5,000,000.00
$ 6,000,000.00
Sales $ 6,000,000.00
$ 4,800,000.00
Inventory $ 4,800,000.00

GABUNGAN ELIMINASI
$ 8,000,000.00 Sales
Sales $ 8,000,000.00
$ 7,200,000.00 Cost of Sales
Inventory $ 7,200,000.00
$ 8,000,000.00 Accounts Payable
Accounts Payable $ 8,000,000.00
$ 8,777,777.78 Investment in Justin
Sales $ 8,777,777.78 NCI
$ 7,900,000.00
Inventory $ 7,900,000.00

gan Jurnal eliminasi

Income from Justin B $ 746,000.0
Dividend expense $ 90,000.0
$ 746,000.0 Investment in Justin Bhd $ 656,000.0
 NCI Shares $ 84,000.0
NCI $ 74,000.0
$ 84,000.0 Dividend expense $ 10,000.0
 SETELAH ELIMINASI
$ 5,000,000.00
Cost of Sales $ 5,000,000.00 Accounts Receivable
$ 40,000.00 Sales
Inventory $ 40,000.00 Cost of Sales
$ 5,000,000.00 Inventory
Accounts Receivable $ 5,000,000.00 Ending inventory
Gross profit (20%)
Ending inv. (consolidated)
Selisih

SETELAH ELIMINASI
$ 8,000,000.00
Cost of Sales $ 8,000,000.00 Accounts Receivable
$ 10,000.00 Sales
Inventory $ 10,000.00 Cost of Sales
$ 8,000,000.00 Inventory
Accounts Receivable $ 8,000,000.00 Ending inventory
$ 36,000.00 Gross profit (10%)
$ 4,000.00 Ending inv. (consolidated)
Cost of Sales $ 40,000.00 Selisih
 inventory st December 31
2013 $ 300,000.00
$ 6,000,000.00 2017 $ 100,000.00
$ 6,000,000.00
$ 3,840,000.00
$ 3,840,000.00 upstream
$ 200,000.00 2013
$ 40,000.00 sales to Epik $ 5,000,000.00
solidated) $ 160,000.00 gross profit(20%) $ 1,000,000.00
$ 40,000.00 hpp $ 4,000,000.00

$ 8,777,777.78
$ 8,777,777.78
$ 7,110,000.00
$ 7,110,000.00
$ 100,000.00
$ -10,000.00
solidated) $ 90,000.00
$ 10,000.00
 2014
$ 8,000,000.00
$ 800,000.00
$ 7,200,000.00
 investment in Justin NCI
$ 3,600,000.00 $ 90,000.00 $ 400,000.00 $ 10,000.00
$ 720,000.00 $ 36,000.00 $ 84,000.00
$ 36,000.00 $ 10,000.00 $ 474,000.00
$ 4,220,000.00

Unadjusted investment in Justin Bhd $ 3,474,000.00

add: net income from justin bhd $ 746,000.00
adjusted investment in Justin Bhd $ 4,220,000.00
 Epik NCI
2014 90% 10%
Share Share
Justin's net
$ 800,000.0
income $ 720,000.0 $ 80,000.0
Amortization $ - $ - $ -
Realized profit
$ 40,000.0
from BI $ 36,000.0 $ 4,000.0
Unrealized
$ 10,000.0
profit fron EI $ 10,000.0
Adjusted
income $ 746,000.0 $ 84,000.0

Dividends $ - $ - $ -
Jurnal eliminasi
1. Adjust for errors & omissions (none)

2. Eliminate intercompany profits and losses

Sales 8,000,000
Cost of sales

Cost of sales 10,000

Inventory

Investment in S 36,000
Noncontolling interest 4,000
Cost of Sales

3.eliminasi income dan dividend

Income From S 746,000
Dividen
Investment in S

4. Record noncontrolling interest in sub.'s earnings & dividends

Noncontrolling interest Share 84,000
Dividen
Noncontrolling interest

5. Eliminate reciprocal Investment & sub.'s equity balances

Retained Earnings 1,300,000
Common Stock 2,500,000
Goodwill $ 200,000.00
Investment in S
Noncontrolling Interest

6. Amortize fair value/book value differentials (none)

7. Eliminate other reciprocal balances

Dividend payable $ 90,000.00
Dividen receivable
 8,000,000

10,000

40,000

90,000
656,000

10,000
74,000

3,600,000
400,000

$ 90,000.00
W
Epik Justin
Income Statement
Sales $ 8,400,000.00 $ 5,100,000.00
Income from Justin $ 746,000.00
Cost of goods sold $ 6,200,000.00 $ 3,900,000.00
Other expense $ 200,000.00 $ 400,000.00
Noncontrolling interest Share $ -
Controlling Share of Net income $ 2,746,000.00 $ 800,000.00

Retained Earnings Statement

Retained Earnings 1 Jan $ 2,764,000.00 $ 1,300,000.00
Controlling Share of Net income $ 2,746,000.00 $ 800,000.00
Dividen $ 200,000.00 $ 100,000.00

Retained Earnings 31 des $ 5,310,000.00 $ 2,000,000.00

Balance Sheet
Cash $ 1,200,000.00 $ 800,000.00
Receivables $ 2,000,000.00 $ 300,000.00
Inventories $ 1,000,000.00 $ 2,300,000.00
Dividend receivables $ 90,000.00
Land $ 2,500,000.00 $ 1,300,000.00
Equipment $ 1,200,000.00 $ 500,000.00
Goodwill
Investment in Justin $ 4,220,000.00 $ -
Total Assets $ 12,210,000.00 $ 5,200,000.00
Accounts payable $ 900,000.00 $ 600,000.00
Dividend payable $ 100,000.00
Capital Stock $ 6,000,000.00 $ 2,500,000.00
Retained Earnings 31 des $ 5,310,000.00 $ 2,000,000.00
Noncontrolling Interest January 1
Noncontrolling Interest December 31 $ - $ -
Total Liabilities and Equity $ 12,210,000.00 $ 5,200,000.00
Dr Cr Consolidated

$ 8,000,000.00 $ 5,500,000.00
$ 746,000.00 $ -
$ 10,000.00 $ 8,040,000.00 $ 2,070,000.00
$ 600,000.00
$ 84,000.00 $ 84,000.00
$ 2,746,000.00

$ 1,300,000.00 $ 2,764,000.00
$ 2,746,000.00
$ 90,000.00
$ 10,000.00 $ 200,000.00
$ 5,310,000.00

$ 2,000,000.00
$ 2,300,000.00
$ 10,000.00 $ 3,290,000.00
$ 90,000.00
$ 3,800,000.00
$ 1,700,000.00
$ 200,000.00 $ 200,000.00
$ 36,000.00 $ 4,256,000.00 $ -
$ 13,290,000.00
$ 1,500,000.00
$ 90,000.00 $ 10,000.00
$ 2,500,000.00 $ 6,000,000.00
$ 5,310,000.00
$ 4,000.00 $ 400,000.00
$ 74,000.00 $ 470,000.00
$ 13,290,000.00