| ujian-1
A Co acquired 80% ownership in Co B |
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| A paid $1.000.000 and issued Common stock 10.000 shares, par value | ||||||||
| $10, market value $15 | ||||||||
| Consultant cost $30.000 | ||||||||
| Issuing cost of CS $10.000 | ||||||||
| Calculate cost of acquisition | ||||||||
| Prepare journal entries in A | ||||||||
| Investment : | ||||||||
| cash | 1,000,000 | |||||||
| CS | 100,000 | |||||||
| APIC | 50,000 | |||||||
| Direct cost | 30,000 | |||||||
| 1,180,000 | ||||||||
| Investment in B | 1,180,000 | |||||||
| APIC | 10,000 | |||||||
| CS | 100,000 | |||||||
| APIC | 50,000 | |||||||
| Cash | 1,040,000 | |||||||
| Continue from no. 1 | ||||||||
| If Stockholder’s equity of B consist of : | ||||||||
| Common Stock | 800,000 | |||||||
| APIC | 100,000 | |||||||
| R/E | 200,000 | |||||||
| Calculate unamortized excess????????????? | ||||||||
| Investment | 1,180,000 | |||||||
| BV of ownership : | ||||||||
| 80% x 1.100.000 = | 880,000 | |||||||
| Unamortized excess | 300,000 | |||||||
| continue from no. 2 & 3 | ||||||||
| Difference between book value in fair value in co. B are identified as | ||||||||
| follows : | ||||||||
| Inventory | 100,000 | 80,000 | ||||||
| Equipment | 100,000 | 80,000 | ||||||
| Building | (10,000) | (8,000) | ||||||
| Account payable | 10,000 | 8,000 | ||||||
| 160,000 | ||||||||
| Goodwill | 140,000 | |||||||
| Calculate fair value recognition in Co A and GOODWILL???? | ||||||||
| (B/14) x 100 = | ||||||||
