#BUKU AKUNTANSI KEUANGAN LANJUTAN 2 TRIAL#
Prepare a schedule translating the trial balance of Viking into its reporting currency2. Exchange rates were as follows:ĭecemNkr 1= $.18JanuNkr 1=$. Eagle declared $100,000 of dividends in 2010.6. Eagles income from its own operations was $275,000, and its total shareholders equity on The dividends were declared and paid on july 1, 20105. Vikings sales were made evenly throughout 2010, and its operating expenses were incurredevenly throughout 2010.Ĥ. Viking acquired all of its property plant and equipment on jand uses straight linemethod depreciation.ģ. Purchases Nkr 420,000 were madeevenly throughout 2010.Ģ. The beginning inventory was acquired on dec 31,2009 and ending inventory was acquired in dec 15,2010.
Viking uses FIFO method for its inventory. Vikings trial balance on in kroner, follows:Ĭash 150,000 drAccount receivable (net) 200,000 drInventory 270,000 drPPE 600,000 drAcc depreciation 150,000 crAccount payable 90,000 crCommon stock 450,000 crRetained earning 250,000 crSales 690,000 crCOGS 410,000 drOperating expenses 100,000 drDepreciation expenses 50,000 drDividend paid 40,000 drġ. The kroner isfunctional currency and that Eagle uses the basic equity method for accounting for its investment inViking.
The remainder of thedifferential was attributable to patent having an estimated useful life for 5 years. The fair value of Vikings property plant and equipment exceeded its book value by $18,000.The remaining useful life of Vikings equipment at Januwas 10 years. On January 1, 2010, the book and fair values of Norwegian subsidiarys identifiable asset andliabilities approximated their fair values except for property, plant, and equipment and patentsacquired. Vikings net asset on the date of acquisition were 700,000 kroner(Nkr). On JanuEagle Company acquired all of the outstanding stock of Viking Inc, a Norwegiancompany at a cost of $151,200. Prepare all journal entries that should be recorded at PT Exportirs book, related to all spot andforward transactions in 20. The spot and forward rate are as follows: (IDR/1EURO): Presented By: SPA-Accounting Study Division Mojakoe Akuntansi LanjutanĬontract for the same amount and the same period. Because the payment is denominated in euro, PT Exportir immediately entered into forward Problem 2 (40%)Part A (15%)On December 1 2009, PT Exportir sold inventory to customer in Germany for 50,000 on account in60 days. CENTRO reported 2010 net income of $300,000 and paid $150,000 of cash dividend- Both companies are subject to 30% income tax rateīased on the above information, you are required to calculate Consolidated Basic and Diluted EPS! The average market price of both companies common shares are $60 (AXIS) and $40(CENTRO) On the other hand,AXISs 10% bonds are not convertible CENTROs 8% bonds can be converted to 20,000 shares of common stock. AXISs preferred stock can be converted to 36,000 shares of common stock, whereasCENTROs preferred stock are not convertible.
Problem 1 (20%)AXIS Inc owns 70% of CENTRO Co. MATA KULIAH : ADVANCED FINANCIAL ACCOUNTINGDOSEN : TIM DOSEN DAN ASISTENHARI/TANGGAL : THURSDAY, DEC 21ST 2010WAKTU : 150 MINUTESSIFAT : CLOSED BOOK Mojakoe dapat didownload di FB: SPA FEUI Twitter: By: SPA-Accounting Study Division Mojakoe Akuntansi Lanjutan Mojakoe dapat didownload di FB: SPA FEUI Twitter: KEUANGANLANJUTAN Dilarang memperbanyak mojakoe ini tanpa seijin SPA FEUI
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