NURUL ARYANI - AKL1 - Forum2 Soal 2 [PDF]

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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