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Description PT Casio (induk) PT Kenko (anak)

Cash $ 815 $ 500


A/R-net $ 1,300 $ 900
Dividend Receivable $ 60 $ -
inventory $ 1,400 $ 740
investment in PT Kenko $ 3,645 $ -
Land $ 1,700 $ 1,100
Building-net $ 2,200 $ 1,320
Equipment-net $ 1,600 $ 1,020
Cost of sales $ 2,400 $ 1,200
Depreciation expense $ 500 $ 140
Other Expense $ 800 $ 200
Dividend $ 440 $ 160
Total Debit $ 16,860 $ 7,280

A/P $ 1,298 $ 900


Dividend Payable $ 220 $ 80
C/S $ 6,000 $ 1,800
OCC $ 2,000 $ 1,200
R/E $ 2,400 $ 1,300
sales $ 4,600 $ 2,000
equity in subsidiary income $ 342 $ -
Total Credit $ 16,860 $ 7,280
parent (75%) NCI (25%) total value
purchase price & implied value 3,300 1,100 4,400
BV equity acuired :
C/S 1,350 450 1,800
OCC 900 300 1,200
R/E 750 250 1,000
total bv 3,000 1,000 4,000
difference between IV&BV 300 100 400
adjust to fair value :
inventory (90) (30) (120)
land (180) (60) (240)
equipment 75 25 100
balance 105 35 140
goodwill (105) (35) (140)
balance - - -

EISI (75%) NCI (25%)


NI (460) 345 115
adjusment :
equipment 15 5 (100:2)
realized profit beginning inv. 27 9 (180x25/125)
unrealized profit end. Inv. (45) (15) (300x25/125)
342 114

investment in pt kenko (1 jan '16) 3,300


change in R/E 225 (1300-1000)x75%
adj :
inventory (90)
equipment 15
unrealized profit end.inv. 27 (180x25/125x75%)
investment in pt kenko 3423
EISI 342
Dividend (120) (160x75%)
investment in pt kenko 3645
ADJUSMENT & ELIMINATIONS
PT CASIO PT KENKO DR CR
INCOME STATEMENT
SALES
EISI
TOTAL REVENUE
COST OF SALES
DEPRECIATION EXP.
OTHER EXPENSE
TOTAL COST & EXP.
NET / CONSOLIDATED INCOME
NCI IN INCOME
NI TO R/E

R/E STATEMENT
1/1 R/E
NI FROM ABOVE
DIVIDENDS DECLARED
12/31 R/E TO B/S

BALANCE SHEET
CASH
A/R-NET
DIVIDEND RECEIVABLE
INVENTORY
INVESTMENT IN PT KENKO
LAND
BUILDING-NET
EQUIPMENT-NET
DIFFERENCE BETWEEN IV & BV
GOODWILL
TOTAL
A/P
DIVIDEND PAYABLE
NOTES PAYABLE
C/S
OCC
R/E FROM ABOVE
1/1 NCI

12/31 NCI
TOTAL
CONSOLIDATED
NCI BALANCE

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