NAMA : VIDIA MAELINA YUSLIS

NIM : A1C018164

KLS :C

E16-3 (Issuance and Repurchase of Convertible Bonds)

On January 1, 2015, Cai Company issued a 10% convertible bond at par, with a face value of
¥100,000, maturing on January 1, 2025. The bond is convertible into ordinary shares of Cai
at a conversion price of ¥2,500 per share. Interest is payable annually. At date of issue, Cai
could have issued at par non-convertible debt with a 10-year term bearing an interest rate
of 11%.

Instructions

(a) Prepare the journal entry to record the issuance of the convertible debt on January 1,
2015.

(b) On January 1, 2018, Cai makes a tender offer to the holder of the convertible debt to
repurchase the bond for ¥112,000, which the holder accepts. At the date of repurchase, Cai
could have issued nonconvertible debt with a 7-year term at an effective-interest rate of 8%.
Prepare the journal entry to record this repurchase on January 1, 2018.

E16-6 (Conversion of Bonds)

Gabel Company has bonds payable outstanding with a carrying value of $406,000. When
issued, Gabel recorded $3,500 of conversion equity. Each $1,000 bond is convertible into 20
shares of preference shares with par value of $50 per share. All bonds are converted into
preference shares. Instructions Assuming that the book value method was used, what entry
would be made?

E16-9 (Issuance of Bonds with Share Warrants)

On September 1, 2015, Tokachi Company sold at 104 (plus accrued interest) 30,000 of its
8%, 10-year, ¥10,000 face value, non-convertible bonds with detachable share warrants.
Each bond carried two detachable warrants. Each warrant was for one ordinary share at a
specified option price of ¥1,500 per share. The net present value of bonds is determined to
be ¥290,000,000. Interest is payable on December 1 and June 1. Instructions Prepare in
general journal format the entry to record the issuance of the bonds.

E16-12 (Issuance, Exercise, and Forfeiture of Share Options)

On January 1, 2015, Magilla Inc. granted share options to officers and key employees for the
purchase of 20,000 of the company’s €10 par ordinary shares at €25 per share. The options
were exercisable within a 5-year period beginning January 1, 2017, by 1 1 3 3 3 3 4 4
www.downloadslide.com Exercises 799 grantees still in the employ of the company, and
expiring December 31, 2021. The service period for this award is 2 years. Assume that the
fair value option-pricing model determines total compensation expense to be €400,000.

On April 1, 2016, 3,000 options were forfeited when the employees resigned from the
company. The market price of the ordinary shares was €35 per share on this date.

On March 31, 2017, 12,000 options were exercised when the market price of the ordinary
shares was €40 per share.

Instructions

Prepare journal entries to record issuance of the share options, forfeiture of the share
options, exercise of the share options, and charges to compensation expense, for the years
ended December 31, 2015, 2016, and 2017.

ANSWER

E16-3

a) Nilai Sekarang dari SAAT INI :

(¥ 100.000 X .59345) ¥ 59.345

Nilai Pembayaran Bunga Saat Ini

(¥ 10.000 X 3.69590) 36.959

Nilai Sekarang dari Komponen Pertanggungjawaban ¥ 96.304

Nilai Wajar dari obligasi konversi

(termasuk kewajiban dan komponen ekuitas) ¥ 100.000

Dikurangi: Nilai wajar komponen kewajiban 96.304

Komponen ekuitas ¥ 3,696

Kas 100.000

Hutang Obligasi 96.304

Saham Premium — Ekuitas Konversi 3.696

 b Bayar Beban Diskon Nilai obligasi
) Tanggal tunai bunga amortisasi tercatat
1/1/11 ¥96,304
12/31/11 ¥10,000 ¥10,593 ¥593 96,897
12/31/12 ¥10,000 10,659 659 97,556
12/31/13 ¥10,000 10,731 731 98,287

Perhitungan untung atau rugi:

Nilai kini komponen kewajiban pada PT
1/1/14 (n = 7, I = 8%) ¥ 110,413 *
Nilai tercatat (dari atas) 98.287
Kerugian ¥ 12.126
* 10.000 X 5.20637 = ¥ 52.064
100.000 X .58349 = 58.349
¥ 110,413

Penyesuaian terhadap ekuitas:

Nilai wajar obligasi konversi
(dengan kewajiban dan ekuitas) ¥ 112.000
Dikurangi: Komponen pertanggungjawaban 110.413
Penyesuaian untuk saham Premium—Ekuitas Konversi ¥ 1,587

Saham Premium — Ekuitas Konversi 1,587 *

Hutang Obligasi 98.287
Kerugian Pembelian Kembali 12,126
Kas 112.000

E16-6

Konversi dicatat pada nilai buku obligasi:

Saham Premium — Ekuitas Konversi 3.500

Hutang Obligasi 406.000

Modal Saham — Preferensi (400 X 20 X $ 50) 400.000

Saham Premium — Preferensi 2.500

E16-9

PERUSAHAAN LIN

Entri Jurnal

1 September 2010

kas (¥ 312.000.000 + ¥ 6.000.000) 318.000.000

Hutang Obligasi (3.000 X ¥ 1.000) 290.000.000

Saham Premium — Bagikan Waran—jadwalkan 1 22.000.000

Biaya Bunga Obligasi — Jadwal 2 6.000.000

(Untuk mencatat penerbitan obligasi)

Jadwal 1

Nilai Waran Saham

Harga jual (30.000 X ¥ 10.400) ¥312.000.000

Nilai sekarang obligas I 290.000.000

¥22.000.000

Jadwal 2

Bunga Obligasi yang Masih Harus Dibayar sampai Tanggal Penjualan

Nilai nominal obligasi ¥ 300.000.000

Suku bunga X 8%

Bunga tahunan ¥ 24.000.000

Bunga masih harus dibayar selama 3 bulan –

(¥ 24.000.000 X 3/12) ¥ 6.000.000

E16-12

1/1/15 Tidak ada entri (total biaya kompensasi € 400.000)

12/31/15 Biaya Kompensasi 200.000

SAHAM Premium — Opsi Berbagi 200.000

(€ 400.000 X 1/2) (Untuk mengenalibiaya kompensasi untuk 2015)

4/1/16 Premium Saham — Opsi Saham 30.000

Beban Kompensasi

(€ 200.000 X 3.000 / 20.000) 30.000

(Untuk merekam kehilangan saham opsi dipegang oleh karyawan yang

mengundurkan diri)

12/31/16

Biaya Kompensasi 170.000

SAHAM Premium — Opsi Berbagi 170.000

(€ 400.000 X 1/2 X 17/20) (Untuk mengenali biaya kompensasi untuk 2011)

3/31/17

KAS (12.000 X € 25) 300.000

SAHAM Premium — Opsi Berbagi

(€ 400.000 X 12.000 / 20.000) 240.000

Modal Saham — Biasa 120.000

SAHAM Premium — Biasa 420.000

(Untuk merekam latihan opsi berbagi)

Catatan: Ada 5.000 opsi yang belum dieksekusi pada 3/31/12 (20.000 - 3.000 - 12.000).