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Nama : Nurul Aryani NIM : 43218120075 Akuntansi Keuangan Lanjutan 1 Forum 2 Soal 2 Liu and Wang have a partnership with profit sharing ratio of 40 percent and 60 percent, respectively. Liu has a capital balance of $3,000,000 and Wang has $2,500,000. The partners agree to admit Ping into the partnership for a 40 percent interest with an invesment of $6,000,000. REQUIRED : a.
Calculate the balance of each partner’s capital if the assets of the partnership are revalued.
b.
Calculate the balance of each partner’s capital if the assets of the partnership are not revalued.
Answer : a Total Equity of partnership before revaluation $
3,000,000
$
2,500,000
$
6,000,000
$
11,500,000
To get capital interest of 40%
$
11,500,000
$
4,600,000
Ping has to invest for $6,000,000 (goodwill to old partners) Fair value of the partnership ($6,000,000 / 40%)
$
15,000,000
Total equity of partnership before revaluation
$
11,500,000
Goodwill
$
3,500,000
To Liu ($3,500,000 x 40%)
$
1,400,000
To Ping ($3,500,000 x 60%)
$
2,100,000
$
3,500,000
Allocation of goodwill :
Capital balance of each partner : Liu
Wang
$
3,000,000
$
2,500,000
$
1,400,000
$
2,100,000
$
4,400,000
$
4,600,000
Ping
$
6,000,000
b Ping interest in the partnership ($11,500,000 x 40%)
$
4,600,000
Total bonus to old partners ($6,000,000 - $4,600,000)
$
1,400,000
Capital balance of each partner : Liu $
3,000,000
Wang $
2,500,000
40% x $1,400,000
60% x $1,400,000
$
$
3,560,000
3,340,000
Total
Ping $
11,500,000 40%
$
4,600,000
$
11,500,000