Assume that P Company purchases 25 percent of S Company’s outstanding voting common stock on January 1 from existing stockholders for

$3,000,000 cash plus 200,000 shares of P Company $5 par common stock with a market value of $10 per share. Additional cash costs of the

equity interest consist of $50,000 for registration of the shares and $100,000 for consulting and advisory fees. P Company records these events

with the following journal entrie (in thousands):

Jurnal melakukan Investasi

Tanggal Account Dr Cr
1 January Investment In S Company 5.000
Cash 3000
Common stock 1.000
Additional paid in capital 1.000
Jurnal pembelian investasi
1 January Investment Expense 100
Additional paid in capital 50
Cash 150
Pembayaran beban investasi

Asumsikan bahwa informasi nilai buku dan nilai wajar berikut untuk S Company pada tanggal 1 Januari tersedia (dalam ribuan):
 Book Value Fair Value
Cash 1500 1500
Receivables—net 2200 2200
Inventories 3000 3000
Other current assets, 1 year 3300 3100
Equipment—net, 10 year 5000 8000
Total assets 15000 17800
Accounts payable 1000 1000
Note payable, due in three years 2000 1800
Common stock 10000
Retained earnings 2000
Total liabilities and stockholders’ equity 15000 2800
 P COMPANY AND ITS XX% OWNED EQUiTY INVESTEE
S COMPANY (IN THOUSAND)

Investment in S 5000
BV of the interest acquired 25%x12000 (3000)
2000
Fair Value Book Value Interest Ammount assignment
Current aset 3100 3300 25% (50)
Equipment 8000 5000 25% 750
Note payable 1800 2000 25% 50
750
Assign To Goodwill 1250
2000
Asumsikan bahwa S membayar dividen sebesar $1.000.000 pada tanggal 1 Juli dan melaporkan laba bersih sebesar $3.000.000 untuk tahun

tersebut.

Payne membuat entri berikut di bawah konsolidasi satu baris untuk mencatat dividen dan pendapatannya dari Sloan (dalam ribuan):

Jurnal mencatat Dividen

Tanggal Account Dr Cr
1 Juli Cash 250
Investment in sloan 250

Jurnal mencatat Income dari S

Tanggal Account Dr Cr
31 Dec Investment 750
Income From S 750
 Jurnal mencatat Penyesuaian
Tanggal Account Dr Cr
31 Dec Investment in Sloan 50
Income From Sloan 50

To record income for overvaluable current asset

Jurnal mencatat Penyesuaian

Tanggal Account Dr Cr
31 Dec Income from Sloan 75
Investment in Sloan 75

Write off equipment

 Jurnal mencatat Penyesuaian
Tanggal Account Dr Cr
31 Dec Income from S 16 1/3
Investment in S 16 1/3

To Amortisasi overvaluable of note payable

Jurnal mencatat Penyesuaian

Tanggal Account Dr Cr
If Record In single Entry

Record Income in Single Entry

Tanggal Account Dr Cr
31 Dec Investment in S 708 1/3
Income From S 708 1/3

Perhitungan untuk single Entry:

Equity in S income statement (25%x3000) 750

Other Current asset in current + 50
Equipment deprecation role 1 year -75
Amortisasi note Payable 16 2/3
708 1/3