a.

Difference
Investment cost
Implied Value 450.000/90% 500,000
Book Value 200,000
160,000
90,000 +
450,000
DIFFERENCE 50,000
(Allocated to goodwill)

COMPUTATION AND ALLOCATION OF DIFFERENCE (CAD)

Parent Share NCI

Purchase Price and Implied Value 450,000 50,000
Less: Book Value of equity required
Common stock 180,000 20,000
Other Contributed Capital 144,000 16,000
Retained Earnings 81,000 9,000
Total Book Value 405,000 45,000
Difference between implied and book value 45,000 5,000
Record new goodwill - 45,000 - 5,000
Balance - -

JURNAL AKTUAL 120,600

a Investment In Subsidiaries 120,600
EISI

b Cash 45,000
Inv in S 45,000

c N/R 75,000
Cash 75,000

Cash 75,000
AR 75,000

d Cash 7,500
Int Rev 7,500

Int Exp 7,500

Cash 7,500

JURNAL ELIMINASI
a EISI 120,600
Dividend 45,000
 Inv in S 75,600

b. CS 200,000
RE (1/1/2015) 210,000
OCC 160,000
Diff 50,000
Inv in S (90%) 558,000
NCI 62,000

c. Goodwill 50,000
Diff 50,000

d. NP 75,000
NR 75,000

e. Int Rev 7,500

Int Exp 7,500
-

Total Value
500,000

200,000
160,000
90,000
450,000
50,000
- 50,000
-

50000 x 90% DIVIDEND

ANAK

ANAK
 ELIMINATIONS
Income Statements Price Score DR CR NCI
Sales 1,420,000 500,000
EISI 120,600 120,600
Total Revenue 1,540,600 500,000
COGS 822,000 242,000
Other expense 250,500 124,000 7,500
Total Cost and Expenses 1,072,500 366,000
Interest Income 7,500 7,500
475,600 134,000
NCI 13,400
Net Income 475,600 134,000 128,100 7,500 13,400

Retained Earnings Statement

R/E 1/1/2011 795,000 210,000 210,000
Net Income 475,600 134,000 128,100 7,500 13,400
Dividends Declared 70,000 50,000 45,000 5,000
RE Ending 1,200,600 294,000 338,100 52,500 8,400

Balance Sheet
Cash 109,000 78,000
AR 166,000 94,000
NR 75,000 - 75,000
Inventory 309,000 158,000
Investment in S Company 633,600 - 75,600
558,000

Property and Equipment (net) 940,000 420,000

Land 160,000 70,000
Diffeence 50,000 50,000
Goodwill 50,000
TOTAL ASSET 2,392,600 820,000 100,000 758,600
A/P 132,000 46,000
N/P 300,000 120,000 75,000
Common Stock 500,000 200,000 200,000
OCC 260,000 160,000 160,000
R/E (ENDING) 1,200,600 294,000 338,100 52,500 8,400
NCI in Net Assets (Beginning) 62,000 62,000
NCI in Net Assets (Ending) 70,400
TOTAL 2,392,600 820,000 873,100 873,100
Consolidated Balance JURNAL AKTUAL 120,600
1,920,000 a Investment In Subsidiaries 120,600
- EISI
1,920,000
1,064,000 b Cash 45,000 50000 x 90
367,000 Inv in S 45,000
1,431,000
-
c N/R 75,000
13,400 Cash 75,000
475,600
Cash 75,000 ANAK
AR 75,000
795,000
475,600 d Cash 7,500
70,000 Int Rev 7,500
1,200,600
Int Exp 7,500 ANAK
Cash 7,500
187,000
260,000 JURNAL ELIMINASI
- a EISI 120,600
467,000 Dividend 45,000
- Inv in S 75,600

b. CS 200,000
1,360,000 RE (1/1/2015) 210,000
230,000 OCC 160,000
- Diff 50,000
50,000 Inv in S (90%) 558,000
2,554,000 NCIE 62,000
178,000
345,000
500,000
260,000 c. Goodwill 50,000
1,200,600 Diff 50,000

70,400 d. NP 75,000
2,554,000 NR 75,000

e. Int Rev 7,500

Int Exp 7,500
DIVIDEND