Scribd Logo
Upload

Welcome to Scribd!

  • P1 Dan P3 Lab AKL

    Uploaded by

    Ferry
    38 views5 pages
    The document records the assets and liabilities of Sun Corporation in preparing for a business combination with Pam Corporation. It provides the balances of Sun Corporation's cash, receivables, inventories, prepaid expenses, land, buildings, equipment, payables, notes payable, bonds payable, and investment in Sun Ltd. It also lists a gain from a bargain purchase of $2.3 million. It then shows two examples of accounting for the business combination from the perspective of Pam Corporation, providing balances for Pam's cash, inventories, assets, land, plant/equipment, goodwill, liabilities, stock, and retained earnings both before and after the combination.

    Original Description:

    Original Title

    P1 dan P3 lab AKL

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document records the assets and liabilities of Sun Corporation in preparing for a business combination with Pam Corporation. It provides the balances of Sun Corporation's cash, receivables, inventories, prepaid expenses, land, buildings, equipment, payables, notes payable, bonds payable, and investment in Sun Ltd. It also lists a gain from a bargain purchase of $2.3 million. It then shows two examples of accounting for the business combination from the perspective of Pam Corporation, providing balances for Pam's cash, inventories, assets, land, plant/equipment, goodwill, liabilities, stock, and retained earnings both before and after the combination.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    38 views5 pages

    P1 Dan P3 Lab AKL

    Uploaded by

    Ferry
    The document records the assets and liabilities of Sun Corporation in preparing for a business combination with Pam Corporation. It provides the balances of Sun Corporation's cash, receivables, inventories, prepaid expenses, land, buildings, equipment, payables, notes payable, bonds payable, and investment in Sun Ltd. It also lists a gain from a bargain purchase of $2.3 million. It then shows two examples of accounting for the business combination from the perspective of Pam Corporation, providing balances for Pam's cash, inventories, assets, land, plant/equipment, goodwill, liabilities, stock, and retained earnings both before and after the combination.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 5

    P1-1

    Untuk mencatat biaya kombinasi dalam bisnis sun corporation :

    Cash                            2,000,000

    Trade Receivable      600,000

    Inventories                 3,000,000

    prepaid expenses     1,000,000

    land                             6,800,000

    Building - net            10,100,000

    Equipment - net        3,000,000

    Trade payable                                                   1,500,000

    Notes Payable                                                    4,600,000

    Bond payable                                                      7,100,000

    Investment in sung Ltd                                      11,000,000

    gain From bargain purchase                           2,300,000

    Problem 1-3

    a) investment in sun Corporation ( 25,000shares x $60)         $1,500,000

              Capital stock (25,000 shares x $10)                                                                    $250,000

              Additional paid-in capital                                                                                     $1,250,000

          Invesment expenses                                                              $60,000

          Additional paid- in capital                                                     $40,000

                        Cash                                                                                                              $100,000

           Untuk mencatat biaya kombinasi dalam Bisnis sun corportion :


    Cash                                                                      $20,000

    Inventories                                                           $120,000

    Other current assets                                          $200,000

    Land                                                                      $200,000

    Piant and equipment - net                                $700,000

    Goodwill                                                                $360,000

                        Liabilities                                                                            $100,000

                        Investment in sun                                                            $1,500,000

    b)

    pam corporation

    Balance sheet

    January 2, 2016

    (after bussiness combination)

    Assets

    cash($240,000+$20,000-$100,000)                                                              $160,000

    Inventories ($100,000 + $120,000)                                                                $220,000

    Other current assets($200,000 + $200,000)                                                $400,000

    Land ($160,000+$200,000)                                                                           $360,000

    Plant and equipment - net ($1,300,000 + $700,000)                               $2,000,000

    Goodwill                                                                                                         $360,000

    Total assets                                                                                                     $3,500,000


    Liabilities and stockholders equity

    Liabilities ($400,000 +$100,000)                                                                   $500,000

    Capital stock $10 par ($1,000,000+$250,000)                                            $1,250,000

    Additional paid- in capital ($400,000+$1,250,000-$40,000)                 $1,610,000

    Retairned Earning ($200,000-$60,000)                                                    $140,000

    Total Liabilities and stockholder equity                                                     $3,500,000

    2. a) Investment in sun Corporation (15,000 shares $60)                   $900,000

                       Capital stock (15,000 shares x $10)                                                                 $150,000

                      Additional paid – in capital                                                                               $750,000

             Investment expenses                                                                     $60,000

            Additional paid - in capital                                                            $40,000

                     Cash                                                                                       $100,000

                     

       Untuk mencatat biaya kombinasi dalam bisnis sun corporation

    Cash                                             $20,000

    Inventories                                  $120,000

    Other current assets                  $200,000


    Land                                              $200,000

    Plant and equipment - net      $700,000

                      Liabilities                                                             $100,000

                      Invesment in sin                                                 $900,000

                       Gain on Bargain purchase                            $240,000

    Nilai Gain on bargain purchases diperoleh dari :

    Fair value of net assets acquaired                                           $1,140,000

    Invesment cost ( fair value of consideration )                      ($900,000)

    Gain on Bargain Purchases                                                        $240,000

    b)

    pam corporation

    Balance sheet

    January 2, 2016

    (after bussiness combination)

    cash($240,000+$20,000-$100,000)                                                              $160,000

    Inventories ($100,000 + $120,000)                                                                $220,000

    Other current assets($200,000 + $200,000)                                               $400,000

    Land ($160,000+$200,000)                                                                           $360,000

    Plant and equipment - net ($1,300,000 + $700,000)                               $2,000,000

    Total Assets                                                                                                 $3,140,000


    Liabilities and stockholders equity

    Liabilities ($400,000 +$100,000)                                                                   $500,000

    Capital stock $10 par ($1,000,000+$150,000)                                            $1,150,000

    Additional paid- in capital ($400,000+$750,000-$40,000)                    $1,110,000

    Retairned Earning ($200,000-$60,000 +$240,000)                                $380,000

    Total Liabilities and stockholder equity                                                     $3,140,000

    You might also like