Tugas Pertemuan 13 - Alya Sufi Ikrima - 041911333248 [PDF]

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Nama: Alya Sufi Ikrima NIM: 041911333248 Kelas: A1-SP Tugas Pertemuan 13 - Subsidiary Preferred Stock, Consolidated EPS, & Consolidated Income Taxation



E 10-2 Preferred stocks not held by parent Required: 1. Calculate the purchase price of Berlian TBK by Permata TBK on January 1, 2013. Common stockholders' equity



$380,000



Goodwill



$75,000



Implied fair value



$455,000



Purchase price (80% * implied fair value = 455,000)



$364,000



2. Calculate the total amount of stockholders’ equity at the time of the purchase. Common stockholders' equity



$380,000



Preferred stockholders' equity (1,000 share at 102 call price)



$102,000



Total stockholders' equity



$482,000



3. Calculate the total amount of noncontrolling interest share. Income from subsidiary



$36,000



Common stock portion of income (Income from subsidiary /80%)



$45,000



Net income



$60,000



Preferred stock portion of income



$15,000



NCI interest share – common (20% * common stock portion of income)



$9,000



NCI interest share - preferred (100%* preferred stock portion of income) $15,000 Total noncontrolling interest share



$24,000



E 10-5 [Preferred stock] Parent owns both common and preferred stock of subsidiary Required: Calculate the following: 1. The value of preferred stock from Roditeli’s investment in Dhocerneye → Arrearage: 10% x 100,000 = 10,000 → BV of Preferred Stock: (100 +10) x (1,000,000, / 100) = 1,100,000 → Value of Preferred Stock: 1,100,000 x 60% = 660,000 2. Goodwill from Roditeli’s acquisition → The implied total fair value is = $3,000,000 / 90% = $3,333,333 → Common stockholder’s equity (BV): = Stockholders’ equity of Dhocerneye’s – Preferred stockholders’ equity = $4,100,000 - $1,100,000 = $3,000,000 → Goodwill = FV – BV = $3,333,333 - $3,000,000 = $333,000 3. Roditeli’s income from Dhoceryene for 2017, both common and preferred → → → → → →



Dhoceryene Net Income: 500,000 Preferred Stock Portion of Income: 1,000,000 x 10% = 100,000 Common Stock Portion of Income: 500,000 - 100,000 = 400,000 Roditeli's Income from Preferred Stock: 100,000 x 60% = 60,000 Roditeli's Income from Common Stock: 400,000 x 90% = 360,000 Income from Dhoceryene: 60,000 + 360,000 = 420,000



4. Total noncontrolling interest in Dhoceryene that will appear on Roditeli and Subsidiary’s balance sheet at December 31, 2017 → → → → → → →



NCL, Beginning: (1,100,000 x 40% + 3,100,000 x 10%) = 420,000 NCI Share: (100,000 x 40% + 400,000 x 10%) = 80,000 Dividends - Preferred: 100,000 Dividends - Common: 150,000 – 100,000 = 50,000 NCI Dividend - Preferred: 100,000 x 40% = 40,000 NCI Dividend - Common: 50,000 x 10% = 5,000 NCI, Ending: 420,000 + 80,000 – 40,000 – 5,000 = 455,000



E 10-6 [Preferred stock] Journal entries, fair value/book value differentials Required: 1. Prepare journal entries to record Penang’s 50 percent investment in Minang’s preferred stock. Investment in Minang’s - preferred



$700,000



Cash



$700,000



To adjust other paid-in capital for the constructive retirement of 50% of Minang's preferred shares. Additional paid-in capital



$225,000



Investment in Minang - preferred



$225.000



2. Determine the fair value/book value differentials from Penang’s investment in Minang. Cost of common stock



$5,600,000



Implied total fair value ($5,600,000 / 80%)



$4,480,000



Book value of common stocks ($7,600,000 total equity - $1,150,000 preferred equity)



$6,450,000



Excess fair value over book value of common



($1,970,000)