Kuis
Kuis
Kuis
400
700
1,000
200
900
1,500
1,200
5,900
800
200
1,000
3,000
900
5,900
###
###
1,200
###
1,700
2,000
500
6,700
###
###
1,100
3,900
1,170
1,680
510
4,600
1,380
###
300
1,200,000
360,000
30,000
(200)
(800)
(500)
700
(800)
(100)
(60)
(240)
(150)
210
(30)
(210)
360,000
(60,000)
(15,000)
36,000
321,000
(1,680,000)
180,000
(321,000)
60
240
150
(210)
(30)
P 3-5
Prepare a consolidated balance sheet one year after acquisition
Adjusted trial balances for Pal and Sor Corporations at December 31, 2011, are as follows (in thousand
Pal Sor
Eliminasi
Debits
pal
sor
d
k
Konsolidasi
Current assets $ 480 $ 200
480
200
Plant assetsnet 1,000 600
1000
600
Investment in Sor 840
840
0
Cost of sales 600 600
600
600
Other expenses 200 100
200
100
Dividends 100
100
0
$3,220 $1,500
3220
1500
(continued)
Pal Sor
Credits
Liabilities $ 900 $ 420
900
420
Capital stock 600 100
600
100
Retained earnings 680 180
680
180
Sales 1,000 800
1000
800
Income from Sor 40
40
0
$3,220 $1,500
3220
1500
Pal purchased all the stock of Sor for $800,000 cash on January 1, 2011, when Sors stockholders
equity consisted of $100,000 capital stock and $180,000 retained earnings. Sors assets
and liabilities were fairly valued except for inventory that was undervalued by $40,000 and sold
in 2011, and plant assets that were undervalued by $80,000 and had a remaining useful life of four
years from the date of the acquisition.
REQUIRED: Prepare a consolidated balance sheet for Pal Corporation and Subsidiary at December 31,
cost
book value
Excess
Allocation
inventory
plant asset
Goodwill
Pal Sor
Debits
Current assets $ 480 $ 200
Plant assetsnet 1,000 600
800
380
420
40 sold 2011
80 4 years
300
420
pal
Eliminasi
d
k
sor
480
1000
200
600
80
Konsolidasi
680
20
1660
840
900
600
680
100
420
100
180
0
1000
40
800
0
600
200
600
100
840
400
1320
600
671
100
100
189
1800
0
40
809
0
400
60
920
111
1200
240
onsolidasi
n Sors stockholders
ors assets
y $40,000 and sold
ning useful life of four
P 3-6
Consolidated balance sheet workpapers with goodwill and dividends
Per Corporation paid $900,000 cash for 90 percent of Sim Corporation
2011, when Sim had $600,000 capital stock and $200,000 retained e
assets and liabilities were equal to fair values. During 2011, Sim repo
declared $20,000 in dividends on December 31. Balance sheets for P
are as follows (in thousands):
Per Sim
Assets
Cash $ 84 $ 40
Receivablesnet 100 260
Inventories 700 100
Land 300 400
Equipmentnet 1,200 200
Investment in Sim 918
$3,302 $1,000
Equities
Accounts payable $ 820 $ 160
Dividends payable 120 20
Capital stock 2,000 600
Retained earnings 362 220
$3,302 $1,000
R E Q U I R E D : Prepare consolidated balance sheet workpapers for P
December 31, 2011.
Assets
Cash $ 84 $ 40
Receivablesnet 100 260
Inventories 700 100
Land 300 400
Equipmentnet 1,200 200
Investment in Sim 918
Goodwill
$3,302 $1,000
Equities
Accounts payable $ 820 $ 160
Dividends payable 120 20
Capital stock 2,000 600
Retained earnings 362 220
NCI
onsolidasi
Cost
900000
Kepemilikan penuh
84
100
700
300
1,200
918
40
260
100
400
200
-
3,302
1,000
820
120
2,000
362
160
20
600
220
3,302
1,000
90%
###
Cost
Excess
goodwill
800,000
200,000
40,000
Dividen
20,000
200
consolidasi
124
18
342
800
700
1,400
918
200
3,566
18
600
220
1,038
102
1,038
980
122
2,000
362
102
3,566