ilustrasi psak 4 dan psak 22
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ILUSTRASI1-2 Juni 2010
1Workshop dan Diskusi “Pengaruh IFRS terhadap Silabus dan Materi Pengajaran Akuntansi serta Workshop PSAK Terbaru"
SAK Kerjasama Usaha2
Co-operations
Separate legal entity Not separate legal entity
Joint control Not joint control
FI Associate Subsidiary
Joint control Not joint control
JCOJCE JCA BOTBTO
PSAK 12 PSAK 55 PSAK 15 PSAK 4 PSAK 12 PSAK 39
Apakah kombinasi bisnis
1-2 Juni 2010Workshop dan Diskusi “Pengaruh IFRS terhadap Silabus dan Materi Pengajaran Akuntansi serta Workshop "PSAK
Terbaru"
3
Apakah kombinasi
Bisnis (B7-12)
Kelompok AsetAlokasi biaya perolehan
pada tanggal akuisisi pada: aset, liabilitas
Aset tunggalTerapkan PSAK terkait PSAK 16 atau PSAK 13
Kombinasi Bisnis
Akuisisi Aset
PengendalianFaktor yang
mempengaruhi
PengendalianAda PSAK 22
PSAK 15 atau 12
ADA
TIDAK ADA
Identify the Acquirer
Reverse acquisition Legal parent is the acquiree and legal subsidiary is the acquirer Often initiated by the legal subsidiary Has other motive of entering into such an arrangement (eg.
Backdoor listing)
Exchange of shares in a reverse acquisition
Tan & Lee Chapter 3© 2009
4
Owners of Company B (Legal subsidiary)
Company A (Legal parent)
Company B (Legal subsidiary)
1. Company A (Legal parent) takes over shares of Company B from owners
2. Company A issues own shares to owners of Company B as purchase consideration
3. Company B has the power to govern the financial and operating policies of the legal parent
Illustration 1:Fair Value of Equity Issued
P Ltd acquires 100% of S Co through an issue of 5,000,000
shares to the vendors of S Co.
Tan & Lee Chapter 3© 2009
5
P Ltd S Co
Number of existing shares 10,000,000 2,000,000
Number of new shares issued 5,000,000 -
Market price per share $2.00 -
Fair value of equity $24,000,000 $9,000,000
Illustration 1:Fair Value of Equity Issued
Tan & Lee Chapter 3© 2009
6
Q1: P Ltd’s market price is a reliable indicator
Consideration transferred = 5,000,000 shares x $ 2.00 = $10,000,000
Q2: P Ltd’s market price is not a reliable indicator; a proportional interest in the fair value of P Ltd is a better estimate
Consideration transferred = (5,000,000/15,000,000) x $24,000,000
= $8,000,000
Q3: Fair value of S Co is a better estimate
Consideration transferred = $9,000,000
Ilustrasi Tanggal Akuisisi
Tan & Lee Chapter 3© 2009
7
Ilustrasi Biaya Akuisisi
Tan & Lee Chapter 3© 2009
8
Menghitung NCI
Tan & Lee Chapter 3© 2009
9
Menghitung Goodwill10
Bargain Purchase
Tan & Lee Chapter 3© 2009
11
1-12
On January 1, 20X1, Point Corporation purchases all the assets and liabilities of Sharp Company in a statutory merger by issuing to Sharp 10,000 shares of $10 par value common stock. The shares issued have a total market value of $600,000. Point incurs legal and appraisal fees of $40,000 (for a total purchase price of $640,000) in connection with the combination and stock issue costs of $25,000.
Fair value of stock issued $600,000 Stock issue costs -25,000Recorded amount of stock $575,000
Point Corporation IllustrationPoint Corporation Illustration
1-13
Point Corporation IllustrationPoint Corporation Illustration
Assets, Liabilities, and Equities Book Value Fair Value
Cash and Receivables $ 45,000 $ 45,000Inventory 65,000 75,000Land 40,000 70,000Buildings and Equipment 400,000 350,000Accumulated Depreciation (150,000Patent 80,000Total Assets $400,000 $620,000Current Liabilities $100,000 $110,000Common Stock ($5 par) 100,000Additional Paid-In Capital 50,000Retained Earnings 150,000Total Liabilities and Equities $400,000Fair value of Net Assets $510,000
)
1-14
Cost of Investment$640,000
Fair value of net identifiable assets $510,000Total differential
$340,000
Excess of cost over fair value of net identifiable assets$130,000
Excess of fair value over book value of net identifiable assets $210,000
Book value of net identifiable assets $300,000
Point Corporation IllustrationPoint Corporation Illustration – PSAK Lama – PSAK Lama
1-15
Point Corporation IllustrationPoint Corporation Illustration PSAK Lama PSAK Lama
The $40,000 of other acquisition costs associated with the combination and the $25,000 of stock issue costs may be recorded in separate temporary “suspense” accounts as incurred:
The $40,000 of other acquisition costs associated with the combination and the $25,000 of stock issue costs may be recorded in separate temporary “suspense” accounts as incurred:
Deferred Merger Costs 40,000Cash40,000
Record costs related to purchase of Sharp Company.
Deferred Stock Issue Costs 25,000Cash25,000
Record costs related to issuance of common stock.
1-16
Cash and Receivables 45,000Inventory 75,000Land 70,000Buildings and Equipment 350,000Patent 80,000
Current Liabilities 110,000Common Stock 100,000Additional Paid-In Capital 475,000Deferred Merger Costs 40,000Deferred Stock Issue Costs 25,000
Jurnal Legal Merger
fair value
fair valuefair value
fair value
fair value
fair value
book valuefair value
Goodwill 130,000
Point Corporation Point Corporation PSAK LamaPSAK Lama
1-17
Investment in Subsidiary 640,000Common Stock 100,000Additional Paid-In Capital 475,000Deferred Merger Costs 25,000Deferred Stock Issue Costs 25,000
Jurnal Akuisisi SahamAset, liabilitas dan goodwill akan dicatat saat dibuat laporan konsolidasi
Point Corporation Point Corporation PSAK LamaPSAK Lama
1-18
Cost of Investment$600,000
Fair value of net identifiable assets $510,000Total differential
$300,000
Excess of cost over fair value of net identifiable assets$90,000
Excess of fair value over book value of net identifiable assets $210,000
Book value of net identifiable assets $300,000
Point Corporation IllustrationPoint Corporation Illustration PSAK BaruPSAK Baru
1-19
Point Corporation IllustrationPoint Corporation Illustration PSAK BaruPSAK Baru
The $40,000 of other acquisition costs associated with the combination recorded as current expense and the $25,000 of stock issue costs recorded as follow PSAK 50&55 :
The $40,000 of other acquisition costs associated with the combination recorded as current expense and the $25,000 of stock issue costs recorded as follow PSAK 50&55 :
Operating Expense 40,000Cash40,000
Record costs related to purchase of Sharp Company.
Deferred Stock Issue Costs 25,000Cash25,000
Record costs related to issuance of common stock.
1-20
Cash and Receivables 45,000Inventory 75,000Land 70,000Buildings and Equipment 350,000Patent 80,000
Current Liabilities 110,000Common Stock 100,000Additional Paid-In Capital 475,000Deferred Stock Issue Costs 25,000
Jurnal Legal Merger
fair value
fair valuefair value
fair value
fair value
fair value
book valuefair value
Goodwill 90,000
Point Corporation Point Corporation PSAK BaruPSAK Baru
1-21
Investment in Subsidiary 600,000Common Stock 100,000Additional Paid-In Capital 475,000Deferred Stock Issue Costs 25,000
Jurnal Akuisisi SahamAset, liabilitas dan goodwill akan dicatat saat dibuat laporan konsolidasi
Point Corporation Point Corporation PSAK Baru PSAK Baru
1-22
On January 1, 20X1, Point Corporation purchases 80% the assets and liabilities of Sharp Company in a statutory merger by issuing to Sharp 80,000 shares of $10 par value common stock. The shares issued have a total market value of $480,000. Point incurs legal and appraisal fees of $40,000 (for a total purchase price of $640,000) in connection with the combination and stock issue costs of $25,000.
Fair value of stock issued $480,000 Stock issue costs -25,000Recorded amount of stock $455,000
Point Corporation IllustrationPoint Corporation Illustration - Baru - Baru
1-23
Cost of Investment$600,000
Fair value of net identifiable assets $510,000Total differential
$300,000
Excess of cost over fair value of net identifiable assets$90,000
Excess of fair value over book value of net identifiable assets $210,000
Book value of net identifiable assets $300,000
Point Corporation Point Corporation Goodwill TotalGoodwill Total
Cost of Investment$480,000 =80%
Maka 480,000/0,8= $600.000
1-24
Nilai akuisisi 480.000 80%, Net Asset 80%Total akuisisi 480.000/0,8 = 600.000
Non Controlling Interest = 20% x 600.000 = 120.000Goodwill = 90.000 72.000 CI
18.000 NCI
Point Corporation GPoint Corporation Goodwill Totaloodwill Total
1-25
Cash and Receivables 45,000Inventory 75,000Land 70,000Buildings and Equipment 350,000Patent 80,000
Current Liabilities 110,000Common Stock 80,000Additional Paid-In Capital 375,000Deferred Stock Issue Costs 25,000Non Controlling Interest 120.000
Jurnal Legal Merger
fair value
fair valuefair value
fair value
fair value
fair value
book valuefair value
Goodwill 90,000
Point Corporation Point Corporation Goodwill TotalGoodwill Total
1-26
Cost of Investment$480,000
Fair value of net identifiable assets $510,000 x 80%
408.000
Total differential$240,000
Excess of cost over fair value of net identifiable assets$72,000
Excess of fair value over book value of net identifiable assets $168.000
Book value of net identifiable assets $240,000
Point Corporation GPoint Corporation Goodwill Parsialoodwill Parsial
1-27
Nilai akuisisi 480.000 80%, Nilai net asset 80%x510.000 = 408.000Goodwill = 72.000
Non Controlling Interest = 20% x 510.000 = 102.000
Point Corporation NPoint Corporation NCI – Goodwill ParsialCI – Goodwill Parsial
1-28
Cash and Receivables 45,000Inventory 75,000Land 70,000Buildings and Equipment 350,000Patent 80,000
Current Liabilities 110,000Common Stock 80,000Additional Paid-In Capital 375,000Deferred Stock Issue Costs 25,000Non Controlling Interest 102.000
Jurnal Legal Merger
fair value
fair valuefair value
fair value
fair value
fair value
book valuefair value
Goodwill 72,000
Point Corporation Point Corporation Goodwill ParsialGoodwill Parsial
4-29
AssetsCash $ 350,000 $ 50,000 Accounts Receivable 75,000 50,000 Inventory 100,000 60,000 Land 175,000 40,000 Buildings and Equipment 800,000 600,000 Accumulated Depreciation (400,000 (300,000
Total Assets $1,100,000 $500,000 Liabilities and Stockholders’ Equity
Accounts Payable $ 100,000 $100,000 Bonds Payable 200,000 100,000 Common Stock 500,000 200,000 Retained Earnings 300,000 100,000
Total Liabilities and Stockholders’ Equity $1,100,000 $500,000
Balance Sheets Before CombinationBalance Sheets Before Combination Peerless Special Foods
) )
4-30
Investment cost $300,000 Book value:
Common stock--Special Foods $200,000Retained earnings--Special Foods100,000
$300,000Peerless’s share x 1.00 (300,000
Differential $ -0-
Investment cost $300,000 Book value:
Common stock--Special Foods $200,000Retained earnings--Special Foods100,000
$300,000Peerless’s share x 1.00 (300,000
Differential $ -0-
January 1, 20X1 entry:E(1) Investment in Special Foods Stock 300,000
Cash 300,000 Record purchase of Special Foods stock.
P
S
100%
Full Ownership Purchased at Book ValueFull Ownership Purchased at Book Value
)
4-31
Balance Sheets After CombinationBalance Sheets After Combination
AssetsCash $ 50,000 $ 50,000 Accounts Receivable 75,000 50,000 Inventory 100,000 60,000 Land 175,000 40,000 Buildings and Equipment 800,000 600,000 Accumulated Depreciation (400,000 (300,000Investment in Special Foods Stock 300,000
Total Assets $1,100,000 $500,000 Liabilities and Stockholders’ Equity
Accounts Payable $ 100,000 $100,000 Bonds Payable 200,000 100,000 Common Stock 500,000 200,000 Retained Earnings 300,000 100,000
Total Liabilities and Stockholders’ Equity$1,100,000 $500,000
Peerless Special Foods
) )
4-32
Cash 50,000 50,000 100,000Accounts Rec. 75,000 50,000 125,000Inventory 100,000 60,000 160,000Land 175,000 40,000 215,000Bldg. and Equip. 800,000 600,000 1,400,000Inv. in Sp. Foods 300,000Total Debits 1,500,000 800,000 2,000,000
Accum. Depr. 400,000 300,000 700,000Accounts Payable 100,000 100,000 200,000Bonds Payable 200,000 100,000 300,000Common Stock 500,000 200,000 500,000Retained Earn. 300,000 100,000 300,000Total Credits 1,500,000 800,000 2,000,000
100% Purchase at Book Value100% Purchase at Book Value
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
4-33
Cash 50,000 50,000 100,000Accounts Rec. 75,000 50,000 125,000Inventory 100,000 60,000 160,000Land 175,000 40,000 215,000Bldg. and Equip. 800,000 600,000 1,400,000Inv. in Sp. Foods 300,000 (2) 300,000Total Debits 1,500,000 800,000 2,000,000
Accum. Depr. 400,000 300,000 700,000Accounts Payable 100,000 100,000 200,000Bonds Payable 200,000 100,000 300,000Common Stock 500,000 200,000 (2)200,000 500,000Retained Earn. 300,000 100,000 (2)100,000 300,000Total Credits 1,500,000 800,000 300,000 300,000 2,000,000
100% Purchase at Book Value100% Purchase at Book Value
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
4-34
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
Cash 50,000 50,000 100,000Accounts Rec. 75,000 50,000 125,000Inventory 100,000 60,000 160,000Land 175,000 40,000 215,000Bldg. and Equip. 800,000 600,000 1,400,000Inv. in Sp. Foods 300,000 300,000Total Debits 1,500,000 800,000 2,000,000
Accum. Depr. 400,000 300,000 700,000Accounts Payable 100,000 100,000 200,000Bonds Payable 200,000 100,000 300,000Common Stock 500,000 200,000 200,000 500,000Retained Earn. 300,000 100,000 100,000 300,000Total Credits 1,500,000 800,000 300,000 300,000 2,000,000
100% Purchase at Book Value100% Purchase at Book Value
4-35
Common Stock--Special Foods200,000Retained Earnings 100,000
Investment in Special Foods Stock 300,000
Eliminate investment balance.
Elimination Entry E(2)Elimination Entry E(2)
Entry E(2)
4-36
Errors or omissions on the books of the subsidiary
Excess of fair value over the book value of the subsidiary’s net identifiable assets
Existence of goodwill Other reasons
Purchase At More Than Book ValuePurchase At More Than Book Value
Reasons the purchase price of a company’s stock might exceed the stock’s book value:Reasons the purchase price of a company’s stock might exceed the stock’s book value:
4-37
Purchase At More Than Book ValuePurchase At More Than Book Value
January 1, 20X1 entry:E(3) Investment in Special Foods Stock 340,000
Cash 340,000 Record purchase of Special Foods stock.
P
S
100%
Investment cost $340,000 Book value:
Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000
$300,000Peerless’s share x 1.00 (300,000
Differential $ 40,000
Investment cost $340,000 Book value:
Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000
$300,000Peerless’s share x 1.00 (300,000
Differential $ 40,000
)
4-38
Purchase At More Than Book ValuePurchase At More Than Book Value
The elimination entry on the workpaper would be:E(4) Common Stock--Special Foods 200,000
Retained Earnings 100,000Differential 40,000
Investment in Special Foods Stock 340,000
P
S
100%
Investment cost $340,000 Book value:
Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000
$300,000Peerless’s share x 1.00 (300,000
Differential $ 40,000
Investment cost $340,000 Book value:
Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000
$300,000Peerless’s share x 1.00 (300,000
Differential $ 40,000
)
4-39
Cash 60,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 125,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 340,000DifferentialTotal Debits 1,500,000 800,000
Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Common Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000
Purchase At More Than Book ValuePurchase At More Than Book Value
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
(4) 40,000
(4)200,000(4)100,000
(4) 340,000
4-40
Purchase At More Than Book ValuePurchase At More Than Book Value
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
Cash 85,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 340,000DifferentialTotal Debits 1,500,000 800,000
Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Common Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000
(4) 40,000
(4)200,000(4)100,000
(4) 340,000
(5) 40,000
(5) 40,000
380,000 380,000
4-41
Purchase At More Than Book ValuePurchase At More Than Book Value
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
Cash 85,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 340,000DifferentialTotal Debits 1,500,000 800,000
Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Common Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000
(4) 40,000
(4)200,000(4)100,000
(4) 340,000
(5) 10,000(5)10.000(5) 20.000
(5) 40,000
380,000 380,000
135,000125,000170,000150,000
1,420,000
2,000,000
700,000200,000300,000500,000300,000
2,000,000
4-42
Elimination Entry E(5)Elimination Entry E(5)
Inventory 10,000
Land 10,000
Building 20,000
Differential 40,000
Entry E(5)
4-43
Investment cost $400,000 Book value:
Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000
$300,000Peerless’s share x 1.00 (300,000
Differential $100,000
Investment cost $400,000 Book value:
Common stock--Special Foods$200,000Retained earnings--Special Foods 100,000
$300,000Peerless’s share x 1.00 (300,000
Differential $100,000
P
January 1, 20X1 entry:
E(7) Investment in Special Foods Stock 400,000 Bonds Payable 100,000 Cash 300,000
Record purchase of Special Foods stock.
S
100%
Debit DifferentialDebit Differential - Goodwill - Goodwill
)
4-44
Debit DifferentialDebit Differential
Fair value of net identifiable assets $340,000
Total differential$100,000
Excess of cost over fair value of net identifiable assets$60,000
Excess of fair value over book value of net identifiable assets $30,000
Book value of net identifiable assets $300,000
Cost of investment $400,000
4-45
DifferentialDifferential Allocation AllocationThe eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:E(8) Common Stock--Special Foods 200,000
Retained Earnings 100,000 Differential 100,000
Investment in Special Foods Stock 400,000 Eliminate investment balance.
E(9) Inventory 10,000 Land 10,000 Building 20,000 Goodwill 60,000
Differential 100,000 Assign differential.
4-46
Purchase At More Than Book ValuePurchase At More Than Book Value
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
Cash 25,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 400,000DifferentialGoodwillTotal Debits 1,500,000 800,000
Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Common Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000
(4) 40,000
(4)200,000(4)100,000
(4) 400,000
(5) 10,000(5)10.000(5) 20.000
(5) 40,000
380,000 380,000
75,000125,000170,000150,000
1,420,000
60.0002,000,000
700,000200,000300,000500,000300,000
2,000,000
(5) 60,000
4-47
Investment cost purchase 80% $400,000 Book value:
Common stock--Special Foods $200,000Retained earnings--Special Foods 100,000
$300,000Milik Controlling Interset 80% 240.000Total Differential $160,000 Alokasi ke fair value 80% x 40.000 32.000Goodwill 128.000Total Fair Value 340.000Investment 400.000Milik Controlling interest 80% 272.000Total BV 128,000
Investment cost purchase 80% $400,000 Book value:
Common stock--Special Foods $200,000Retained earnings--Special Foods 100,000
$300,000Milik Controlling Interset 80% 240.000Total Differential $160,000 Alokasi ke fair value 80% x 40.000 32.000Goodwill 128.000Total Fair Value 340.000Investment 400.000Milik Controlling interest 80% 272.000Total BV 128,000
P
S
80%
Debit DifferentialDebit Differential – PSAK Lama – PSAK Lama
)
4-48
Debit DifferentialDebit Differential
Fair value of net identifiable assets $340,00080% 272.000
Total differential$160,000
Excess of cost over fair value of net identifiable assets$128,000
Excess of fair value over book value of net identifiable assets $32,000
Book value of net identifiable assets $300,000 80% 240.000
Cost of investment $400,000 – 80%
4-49
DifferentialDifferential Allocation AllocationThe eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:
E(8) Common Stock--Special Foods 200,000 Retained Earnings 100,000 Differential 160,000
Investment in Special Foods Stock 400,000Non Controlling Interest (300.000 x 20%) 60,000
Eliminate investment balance.E(9) Inventory 8,000
Land 8,000 Building 16,000 Goodwill 128,000
Differential 160,000 Assign differential.
4-50
Purchase At More Than Book ValuePurchase At More Than Book Value
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
Cash 25,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 400,000DifferentialGoodwillTotal Debits 1,500,000 800,000
Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Non Controlling IntCommon Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000
(4) 40,000
(4)200,000(4)100,000
(4) 400,000
(5) 8,000(5)8.000(5) 6.000
(5) 40,000
380,000 380,000
75,000125,000168,000148,000
1,416,000
128.0002,000,000
700,000200,000300,00060,000
500,000300,000
2,000,000
(5) 160,000
4-51
Investment cost purchase 80% $400,000 Total Investment 100% 500.000
Book value:Common stock--Special Foods $200,000Retained earnings--Special Foods 100,000
$300,000Total BV (300,000
Differential $200,000
Investment cost purchase 80% $400,000 Total Investment 100% 500.000
Book value:Common stock--Special Foods $200,000Retained earnings--Special Foods 100,000
$300,000Total BV (300,000
Differential $200,000
P
January 1, 20X1 entry:
E(7) Investment in Special Foods Stock 400,000 Bonds Payable 100,000 Cash 300,000
Record purchase of Special Foods stock.
S
100%
Debit DifferentialDebit Differential – Full Goodwill – Full Goodwill
)
4-52
Debit DifferentialDebit Differential
Fair value of net identifiable assets $340,000
Total differential$200,000
Excess of cost over fair value of net identifiable assets$160,000
Excess of fair value over book value of net identifiable assets $40,000
Book value of net identifiable assets $300,000
Cost of investment $400,000 – 80%
500.000 – 100%
4-53
DifferentialDifferential Allocation AllocationThe eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:
E(8) Common Stock--Special Foods 200,000 Retained Earnings 100,000 Differential 200,000
Investment in Special Foods Stock 400,000Non Controlling Interest 100,000
Eliminate investment balance.E(9) Inventory 10,000
Land 10,000 Building 20,000 Goodwill 160,000
Differential 200,000 Assign differential.
4-54
Purchase At More Than Book ValuePurchase At More Than Book Value
Trial Balance Data Elimination Entries Account Titles Peerless Spec. Foods Debits Credits Consolidated
Cash 25,000 50,000Accounts Rec. 75,000 50,000Inventory 100,000 60,000Land 100,000 40,000Bldg. and Equip. 800,000 600,000Inv. in Sp. Foods 400,000DifferentialGoodwillTotal Debits 1,500,000 800,000
Accum. Depr. 400,000 300,000Accounts Payable 100,000 100,000Bonds Payable 200,000 100,000Non Controlling IntCommon Stock 500,000 200,000Retained Earn. 300,000 100,000Total Credits 1,500,000 800,000
(4) 40,000
(4)200,000(4)100,000
(4) 400,000
(5) 10,000(5)10.000(5) 20.000
(5) 40,000
380,000 380,000
75,000125,000170,000150,000
1,420,000
160.0002,000,000
700,000200,000300,000100,000500,000300,000
2,000,000
(5) 160,000
4-55
Debit Differential - PartialDebit Differential - Partial
Fair value of net identifiable assets $340,000340.000x80%=272.000
Total differential$168,000160.000 induk8.000 NCI
Excess of cost over fair value of net identifiable assets$128,000
Excess of fair value over book value of net identifiable assets $32,0008.000 NCI
Book value of net identifiable assets $240,000
Cost of investment $400,000 – 80%
4-56
DifferentialDifferential Allocation Allocation - Partial - PartialThe eliminations entered in the consolidation workpaper in preparing the consolidated balance sheet immediately after the combination are:
E(8) Common Stock--Special Foods 200,000 Retained Earnings 100,000 Differential 168,000
Investment in Special Foods Stock 400,000Non Controlling Interest 68,000
Eliminate investment balance.E(9) Inventory 10,000
Land 10,000 Building 20,000 Goodwill 128,000
Differential 168,000 Assign differential.
Dwi Martani081318227080/08161932935
martani@ui.edu; dwimartani@yahoo.comDepartemen Akuntansi FEUI
1-2 Juni 2010Workshop dan Diskusi “Pengaruh IFRS terhadap Silabus dan Materi Pengajaran Akuntansi serta Workshop "PSAK
Terbaru"
57
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