income statement Parker Sid Debit credit NCI Consol

sales 260,000 80,000 340,000

dividend income 19,000 19000 -
total revenue 279,000 80,000 340,000
cogs 130,000 40,000 170,000
other expense 20,000 14,000 34,000
total cost and expense 150,000 54,000 204,000
net income 129,000 26,000 136,000
NCI 1,300 1,300
Net income 129,000 26,000 134,700

RE statement Parker Sid Debit credit NCI Consol

Re 1/1- Parker 40,000 40,000
Re 1/1- Sid 23,000 23000 0
net income 129,000 26,000 19000 1,300 134,700
Dividend declare 20,000 20,000 19000 1000 20,000
RE 31/12 149,000 29,000 42000 19000 300 154,700

SOFP
Assets Parker Sid Debit credit NCI Consol
cash 62,000 30,000 92,000
account receivable 32,000 29,000 61,000
inventory 30,000 16,000 46,000
investment in Sid 160,000 0 160,000 0
different IV and BV 15421.05 15421.05 0
PPE 105,000 82,000 187,000
Land 29,000 34,000 63,000
Goodwill 15421.05 15,421
Total assets 418,000 191,000 464,421

Liability and equity

Account payable 19,000 12,000 31,000
other liability 10,000 20,000 30,000
common stock
other contributed capital
RE 149000 29000 42000 19000 300 154,700
OCC P 180000 180,000
OCC S 120000 120000 0
CSS - P 60000 60,000
CSS - S 10000 10000 0
Noncontrolling Interest 1/1 8421.053
Noncontroling interest 31/12 8,721
total liability and equity 418,000 191,000 464,421
 P-4.8
Parker company bou 95% of Sid company
Cost 160000

Common share 120000

Occ 10000
RE 23000
BV 153000
Hitung implied value
IV= Cost 160000 NCI= 8421.053
% 95%
IV= 168421.1
Difference 15421.05

1. Jurnal eliminasi dividend income

Dividend income 19000
Dividend declare 19000

2. Jurnal eliminasi investasi

CS-S 10000
OCC-S 120,000
R/E-S 23,000
DIFF BET IV&BV 15421.05
INVESTMENT IN T 160,000
NCI 8421.053
168421.1 168421.1

3. Alokasi difference
Goodwill 15421.05
Difference 15421.05
income statement Parker Sid Debit Credit NCI Consol
sales 240,000 120,000 360,000
dividend income 19,000 19,000 -
total revenue 259,000 120,000 360,000
cogs 155,000 52,000 207,000
other expense 30,000 18,000 48,000
total cost and expense 185,000 70,000 255,000
net income 74,000 50,000 105,000
NCI 2,500 2,500
Net income 74,000 50,000 102,500

RE statement Parker Sid Debit Credit NCI Consol

Re 1/1 149,000 5,700 154,700
29,000 29,000 0
net income 74,000 50,000 19,000 2,500 102,500
Dividend declare 20,000 20,000 19,000 1,000 20,000
RE 31/12 203,000 30,000 19,000 24,700 1,500 237,200

SOFP
Assets Parker Sid Debit Credit NCI Consol
cash 67,000 16,000 83,000
account receivable 56,000 32,000 88,000
inventory 38,000 48,500 86,500
investment in Sid 160,000 0 5,700 165,700 0
different IV and BV 15,421 15,421 0
PPE 124,000 80,000 204,000
Land 29,000 34,000 63,000
Goodwill 15,421 15,421
Total assets 474,000 210,500 539,921

Liability and equity

Account payable 16,000 7,000 23,000
other liability 15,000 14,500 29,500
common stock 180,000 120,000 120,000 180,000
other contributed capital 60,000 10,000 10,000 60,000
RE 203,000 30,000 19,000 24,700 1,500 237,200
Noncontrolling Interest 1/1 8,721
Noncontroling interest 31/12 10,221
total liability and equity 474,000 181,500 539,921
 P-4.8
Parker company bought 0.95 of Sid company
Cost 160000

Common share 120000

Occ 10000
RE 23000
BV 153,000
Hitung implied value
IV= Cost 160000 NCI= 8421.053
% 0.95
IV= 168421.1
Difference 15,421

1. Jurnal eliminasi dividend income

Dividend income 19000
Dividend declare 19000

2. Jurnal eliminasi investasi

CS-S 120,000
OCC-S 10,000
R/E-S 29,000
DIFF BET IV&BV 15,421
INVESTMENT IN T 165,700
NCI 8,721
174421.1 174421.1

3. Alokasi difference
Goodwill 15,421
Difference 15,421

0 Investment in SID 5,700 (23,000+26,000-20,000) = 29,000 - 23,000 =

RE - parker 5,700 (6,000 x 95%)
00) = 29,000 - 23,000 = 6,000
Income statement Place Shaw Debit Credit NCI Consol
Sales 550,000 280,000 830,000
Dividend income 20,240 20,240 -
Total revenue 570,240 280,000 830,000
COGS
beginning inventory 70,000 50,000 120,000
Purchase 240,000 150,000 390,000
Ending inventory - 25,000 - 15,000 - 40,000
COGS 285,000 185,000 470,000
Gross profit 285,240 95,000 360,000
selling expense 28,000 20,000 48,000
other expense 15,000 13,000 28,000
Net Income 242,240 62,000 284,000
NCI 4,960 4,960
Net Income 242,240 62,000 279,040

Retained earning
Retained earning Place Shaw
RE-Place 225,000 225,000
RE-Shaw 170,000 170,000 -
Net income 242,240 62,000 20,240 4,960 279,040
Dividend declare 35,000 22,000 20,240 1,760 35,000
Retained earning 31/12 432,240 210,000 190,240 20,240 3,200 469,040

SOFP
Cash 80,350 87,000 167,350
Account receivable 200,000 210,000 410,000
inventory 25,000 15,000 40,000
Investment in Shaw 400,000 400,000 400,000
plant assets 300,000 200,000 500,000
Different 15,783 15,783 -
goodwill (Plant asset) 15,783 15,783
Total assets 1,005,350 512,000 1,533,133

Account and notes payable 99,110 38,000 137,110

Other Liabilities 45,000 15,000 60,000
Common stock
CS-Place 150,000 150,000
CS-Shaw 100,000 100,000 -
Other contributed Capital
OCC-Place 279,000 279,000
OCC-Shaw 149,000 149,000 -
Retained earning
RE- Place 432,240 210,000 190,240 20,240 3,200 469,040
NCI 1/1
NCI 31/12 34,783 37,983
Total Libilities& Equity 1,133,133
Price paid 400000
% 92%
IV 434782.6087
BV = CS 100000
OCC 149000
RE 170000
419000
Difference = 15782.61
NCI 34782.608696

Jurnal eliminasi
Dividend I 20240
Dividend Declare 20240

Jurnal eliminasi investasi

CS 100000
OCC 149000
RE 170000
Diff 15782.608696
Investment in S (Price pai 400000
NCI 34782.61
434782.6087 434782.6

Alokasi difference
Plant asset15782.608696
Difference 15782.61
income statement Parker Sid Debit credit NCI Consol
sales 1,420,000 500,000 1,920,000
dividend income 52,500 52500 -
total revenue 1,472,500 500,000 1,920,000
cogs 822,000 242,000 1,064,000
Operating expense 250,500 124,000 374,500
total cost and expense 1,072,500 366,000 1,438,500
net income 400,000 134,000 481,500
NCI 13,400 13,400
Net income 400,000 134,000 52500 13,400 468,100

RE statement Parker Sid Debit credit NCI Consol

Re 1/1- Parker 687,000 687,000
Re 1/1- Sid 210000 90,000.00 120,000
net income 400,000 134,000 52500 13,400 468,100
Dividend declare 70,000 50,000 52500 5000 62,500
RE 31/12 1,017,000 294,000 142500 52500 8,400 1,212,600

SOFP
Assets Parker Sid Debit credit NCI Consol
cash 109,000 78,000 187,000
account receivable 166,000 94,000 260,000
Note Receivable 75,000 75,000
inventory 309,000 158000 467,000
Investment in score 450000 450,000.00 0
pland and equipmen 940000 420000 1,360,000
Land 160,000 70,000 230,000
0
Goodwill 50,000.00 50,000
Different 50,000.00 50,000.00 0
Total assets 2,209,000 820,000 2,629,000

Liability and equity

Account payable 132,000 46,000 178,000
other liability 300,000 120,000 420,000
common stock
other contributed capital
RE 1,017,000 294,000 142,500 52,500 8,400 1,212,600
OCC P 260000 260,000
OCC S 160000 160,000.00 0
CSS - P 500000 500,000
CSS - S 200000 200,000.00 0
Noncontrolling Interest 1/1 50,000.00
Noncontroling interest 31/12 58,400
total liability and equity 2,209,000 820,000 2,629,000
 P4-7
Parker company b 0.90 of Sid company
Cost 450,000.00

Common share 200,000.00

Occ 160,000.00
RE 90,000.00
BV 450,000.00
Hitung implied value
IV= Cost 450,000.00 NCI= 50000
% 0.90
IV= 500,000.00
Difference 50,000.00

1. Jurnal eliminasi dividend income

Dividend income 52,500.00
Dividend declare 52,500.00

2. Jurnal eliminasi investasi

CS-S 200,000.00
OCC-S 160,000.00
R/E-S 90,000.00
DIFF BET IV&BV 50,000.00
INVESTMENT IN T 450,000.00
NCI 50,000.00
500,000.00 500,000.00

3. Alokasi difference
Goodwill 50,000.00
Difference 50,000.00
0