Akuntansi Keuangan lanjutan 2 P6-3 (Advanced Accounting 12th edition )

Jawaban akuntansi keuangan lanjutan 2
P6-3 (Advanced Accounting 12th edition )

Par corporation and subsidiary consolidation worksheet for the year ended december 31,2011

(in thousands)		90%	Adjustments & Eliminations					Consolidated Statements
	Par	Sag	Debits		Credits
INCOME STATEMENT
Sales	700	500	a	50				1.150
Income from Sag	70		e	70				0
Gain on land		10	c	10				0
Gain on equipment	20		d	20				0
Cost of sales	(300)	(300)	b	5		a	50	(555)
Depreciation expense	(90)	(35)				d	5	(120)
Other expenses	(200)	(65)						(265)
Noncontrolling int. share				10				(10)
Net income	200	110						200
RETAINED EARNINGS
Ret earnings-Par	600							600
Ret earnings-Sag		200	f	200				0
Net income	200	110						200
Dividends	(100)	(50)				e	45	(100)
						h	5
Ret earnings-ending	700	260						700
BALANCE SHEET
Cash	35	30						65
Accts receivable-net	90	110				g	10	190
Inventories	100	80				b	5	175
Other current items	70	40						110
Land	50	70					10	110
Buildings-net	200	150						350
Equipment-net	500	400				d	15	885
Investment in Sarg	655					e	25	0
						f	630
Total assets	1.700	880						1.885
Accounts payable	160	50	g	10				200
Other liabilities	340	70						410
Capital stk,$10 par	500	500	f	500				500
Retained earnings	700	260						700
Total equities	1.700	880
Noncontrolling interest January 1, 2011						f	70	75
Noncontrolling interest December 31, 2011						h	5
				875			875
								1.885

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