Anggita Awidiya 041911333129 AKL 1 Pertemuan 13

Nama : Anggita Awidiya
Nim : 041911333129
Kelas : A-SP
E. 10-2
1.
Common stockholders' equity $ 380,000
Goodwill $ 75,000
Implied fair value $ 455,000
Purchase price (80% * implied fair value) $ 364,000
2.
Preferred stockholders' equity
(1,000 share at 102 call price) $ 102,000
Total stockholders' equity $ 482,000
3.
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
Noncontrollling interest share - common

(20% * common stock portion of income) $ 9,000
Noncontrolling interest share - preferred
(100%* preferred stock portion of income) $ 15,000
Total noncontrolling interest share $ 24,000
P. 10-2
Stockholders' beginning equity ($800,000 - $60,000 net income) $ 740,000
Less: preferred stock 1,000 shares call price 106
$(106,000)
Impied fair value of cost of investment (90%) $ 650,000
Boook value of common stockholders' equity $(634,000)
Goodwill $ 16,000
Preferred stock in July, 1 2014

Preferred stock at call price $ 106,000
Dividends arrearage ($10 x 1,000 shares x 1/2 $ 5,000
year)
Book value of preferred equity in July 1, 2014 $ 111,000
Cost of investment of 60% preferred equity $ 55,000

Book value acquired (60% x $111,000) $ (66,600)
Book value over cost $ (11,600)
Investment in Sousse - common beginning $ 585,000

Income from Sousse - common [90% x( $60,000-$10,000)] $ 45,000
Investment in Sousse - common ending $ 630,000
Investment in Sousse - preferred beginning $ 55,000

Constructive retirement book value over cost $ 11,600
Income to preferred ($10,000 x 1/2 year x 60%) $ 3,000
Investment in Sousse - preferred ending $ 69,600
a. Preferred stock – Souuse (-SE) $ 100,000

Retained earnings (R, -SE) $ 16,000
Investment in Sousse –preferred (-A) $ 69,600
Noncontrolling interest – preferred (+SE) $ 46,400
To reclasiffy preferred stock to noncontrolling interest and eliminate preffered

investment ($69.600/60%) x 40% of noncontrolling interest
b Common stock (-SE) $500,000

Other paid-in capital (-SE) $ 50,000
Retained earnings (-SE) $134,000
Goodwill (+A) $ 16,000
Investment in Sousse – common (-A) $630,000
Noncontrolling interest – common(+SE) $ 70,000
To eliminate equity accounts and recognize goodwill and noncontrolling interest
Income from Set, preffered (9.000 x 80%) $7,200

Investment in Set-preffered $7,200
To eliminate preffered dividend from Set and return investment account to beginning of period
balance
Income from Set, common (28.000 x 90% x 1/2) $12,600
Investment in Set-preffered $12,600
To eliminate income from Set and return investment account to beginning of period balance
NCI Share-preffered $1,800
NCI-preffered $1,800
To enter noncontrolling interest share of preferred dividend
NCI Share-common $1,400
NCI-common $1,400
To enter noncontrolling interest share of Set income
E.10-9
Basic Diluted
Sim’s earnings per share
Income to common $200 $200
Less: Unrealized profit — upstream sale (20) (20)
Add: Income to preferred 100
a Earnings $180 $280
Common shares outstanding 50 50
Add: Shares from conversion of preferred 30
Add: Incremental shares from warrants
10,000 - ($150,000/$20) 2.5
b Common and common equivalent shares 50 82.5
EPS a/b $3.60 $3.3939
Consolidated (and Pit’s) earnings per share
Pit’s income to common $450 $450
Replacement calculation
Equity in Sim’s realized income
($200,000 - $20,000) 80% (144)
Equity in Sim’s diluted EPS 40,000 $3.39 135.6
a Earnings $450 $441.6
b Outstanding common shares 100 100
EPS a/b $4.50 $4.42
P 10-6
Basic Diluted
She’s earnings per share
Income to common $ 45,000 $ 45,000
Income to preferred assumed converted ________ 10,000
a Earnings $ 45,000 $ 55,000
Common shares and common share equivalents:
Common shares outstanding 10,000 10,000
Add: Common shares issuable on preferred 3,000
Add: Incremental shares issuable on options
2,000 - [($2,000 $15)/$30] ________ 1,000
b Common and common equivalent shares 10,000 14,000
EPS a/b $ 4.50 $ 3.93
Pen’s earnings per share
Income to common $150,000 $150,000
Replacement calculation
Equity in She’s income to common
($45,000 80%) (36,000)a (36,000)
Equity in She’s EPS
8,000 $4.50 basic EPS 36,000a
8,000 $3.93 diluted EPS 31,440
a Earnings $150,000 $145,440
b Common shares 20,000 20,000
EPS a/b $ 7.50 $ 7.27

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Nama : Anggita Awidiya

Purchase price (80% * implied fair value) $ 364,000

Noncontrollling interest share - common

Preferred stock in July, 1 2014

Cost of investment of 60% preferred equity $ 55,000

Investment in Sousse - common beginning $ 585,000

Investment in Sousse - preferred beginning $ 55,000

a. Preferred stock – Souuse (-SE) $ 100,000

To reclasiffy preferred stock to noncontrolling interest and eliminate preffered

b Common stock (-SE) $500,000

To eliminate equity accounts and recognize goodwill and noncontrolling interest

Income from Set, preffered (9.000 x 80%) $7,200

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