S 3-5

Palmer Corporation and Subsidiary

Consolidated Balance Sheet
at December 31,2006
(in thousands)
Assets
Aktiva Lancar $340
Aktiva Tetap-Bersih $830
Goodwill $200
$1.370
Liabilities & Equities
Kewajiban $660
Modal Saham $300
Laba Ditahan $410
$1.370
Perhitungan :
Laba Bersih Sorrells ($400 - $300 -$50) $50
(-) : Dialokasikan ke persediaan yang dijual $(20)
pada tahun 2006
(-) : Depresiasi aktiva tetap ($40 / 4 years) $(10)
Laba dari Sorrel $20

Nilai Aktiva Tetap ($500 + $300 + $40 - $10) $830

Laba ditahan Palmer`s :
Laba Ditahan Awal $340
(+) : Laba Operasi $100
(+) : Laba dari Sorrel $20
Dikurangi : Dividends $(50)
Laba Ditahan per December 31, 2006 $410
S 3-6 Kertas kerja neraca konsolidasi dengan goodwill dan dividen

Perry Corporation and Subsidiary

Consolidated Balance Sheet Working Papers
at December 31, 2009
(in thousands)
Adjistment
Consolidated
Perry per Sim per s and
Balance
books books Eliminatio
Sheet
ns
Cash $42 $20 $62
Receivables - net $50 $130 b 9 $171
Inventories $350 $50 $400
Land $150 $200 $350
Equipment -net $600 $100 a 459 $700
Invenstment in Sim $459 a 100
Goodwill $100
Total assets $1651 $500 $1783
Account payable $110 $80 $490
Dividens payable $60 $10 b 9 $61
Capital stock $1000 $300 a 300 $1000
Retained earnings $181 $110 a 110 $181
Noncontrolling interest a 51 $51
Total equities $1651 $500 $1783

a. To eliminate reciprocal investment and equity accounts, record goodwiil ($100), and
enter noncontrolling interest [($410 equity + $100 goodwill) x 10%)]

b. To eliminate reciprocal dividens receivable (included in receivables - net) and dividends

payable amounts ($10 dividends x 90%)

S 3-7 Menghitung pos-pos yang akan disajikan pada laporan konsolidasi dua tahun
setelah akuisisi

Preliminary computations
Cost of 80% Investment January, 2006 $560
Implied total fair value of Sle ($560 / 80%) $700
Book value of Sle (500)
Excess fair value over book value on January 3 = Goodwill $200
1. Noncontrolling interest share of income :
Sle`s net income $100 x 20% noncontrolling interest $20
2. Current assets :
Combined current assets ($480 + $150) $558
Less : Dividends receivable ($20 + 80%) (16)
Current assets $542
3. Income from Sle : None Investment income is eliminated in consolidation
4. Capital stock : $1000 Capital stock of the parent, Por Corporation
5. Investmen in Sle : None The investment account is eliminated
6. Excess of fair value over book value $200
7. Controlling share of consolidated net income : Equals Por`s
net income, or :
Consolidated sales $1,200
Less : Consolidated cost of goods sold (740)
Less : Consolidated expenses (160)
Consolidated net income $300
Less : Noncontrolling interest share (20)
Controlling share $280
8. Consolidated retained earnings December 31, 2006 : $404 Equals Por`s
beginning retained earnings
9. Consolidated retained earnings December 31, 2007
Equal to Por`s ending retained earnings
Beginning retained earnings $404
Add : Controlling share of consolidated net income 280
Less : Por`s dividends for 2007 (120)
Ending retained earnings $564
10. Noncontrolling interest December 31, 2007
Sle`s capital stock and retained earnings $600
Add : Net income 100
Less : Dividends (50)
Sle`s equity December 31, 2007 at fair value 650
Noncontrolling interest percentage 20%
Noncontrolling interest December 31, 2007 using book value $130
Add : Noncontrolling interest share of Goodwill 40
Noncontrolling interest December 31, 2007 at fair value $170