Take Home Quiz 2 AKL 2 Asistensi Santoso

Problem 1
Interesting Inc. is a manufacturer of automobile spare parts. It transacts business through a business
model that has worked for several years and has made the entity a successful enterprise that is rated in the
top 10 businesses in its field by a trade journal. Interesting Inc. believes in working with reliable and
dependable vendors and also sells only to entities that it can either control or exercise significant
influence over. The business model works in this way:
(a) Interesting Inc. purchases everything it needs from Excellent Inc., a well-known supplier. Due to the
high quality of the material that Excellent Inc. has provided over the last 10 years, Interesting Inc. has
never purchased from any other supplier. Thus it may be considered economically dependent on Excellent
Inc.
(b) Interesting Inc. sells 70% of its output to a company owned by a director and the balance to an entity
that is its associate by virtue of Interesting Inc. owning 35% of the share capital of that company.
(c) Interesting Inc. stores inventory in a warehouse that is leased from the wife of its director. The lease
rentals are at arms length.
(d) Interesting Inc. has provided an interest-free loan to a company owned by the chief executive officer
(CEO) of Interesting Inc. for the purposes of financing the purchase of delivery vans which the company
owned by the CEO is using for transporting goods from the warehouse of the supplier to the warehouse
used by Interesting Inc. for storing inventory.
Required
Based on the requirements of IAS 24, identify which transactions would need to be disclosed as
relatedparty transactions under IAS 24.

Problem 2
Pemerintah melakukan konsensi jasa dengan PT Abadi untuk pelayanan jalan tol. Berikut ini adalah
estimasi biaya atas proyek jalan tol tersebut:
(dalam jutaan rupiah)
Jasa Konstruksi
1
525
2
540
Jasa operasi
3-10
15
Pelapisan jalan
8
125
Sebagai imbalan, pemerintah menjanjikan pembayaran minimum sebesar 125 juta kepada PT Abadi
setiap tahun dari tahun ke 3 sampai tahun ke 10 agar jalan dapat tersedia untuk publik. Demikian pula,
PT Abadi juga berhak untuk memungut pendapatan tol selama tahun ke 3-10 berdasarkan harga yang
ditetapkan oleh pemerintah. Berikut ini adalah estimasi pendapatan tol yang diterima PT Abadi
1
Jumlah pengguna (dalam ribu)
Tarif tol

3
16

4
24

5
31

6
41

7
50

8
56

9
60

10
61

Rp5.000

Imbalan tersebut mencerminkan nilai wajar dari masing-masing jasa dengan nilai wajar sebagai berikut:
Jasa konstruksi
biaya perkiraan + 8.5 %
Jasa operasi
biaya perkiraan + 25%
Pelapisan jalan
biaya perkiraan + 14%
Suku bunga piutang efektif
8%
Sebagai pendanaan atas proyek jalan tol tersebut, PT Abadi meminjam dari Bank sebesar 1 milyar rupiah
pada akhir tahun 1 dengan tingkat bunga pinjaman 9% untuk jangka waktu selama 10 tahun. Buat jurnal
pada tahun 1 sampai 3 beserta analisis laporan keuangan PT Abadi terkait transaksi di atas!

Take Home Quiz 2 AKL 2 Asistensi Santoso

Problem 3
On Jan. 1, 2013 Beleza Inc. bought an equipment for $ 200,000. It is estimated that the machine will have a
useful life of 10 years with no salvage value and the company will use straight line method to depreciate
the asset. However, during 2013, there was an indication of machines impairment due to recent innovation
breakthrough. As a result, Beleza Inc. prepared for impairment testing. From the recently market data, it
was known that the current selling price of similar equipment is $ 150,000 with selling cost 5,000. While
management best estimates about expected cash inflows from the equipment were as follow:
Period

Expected Cash Inflows Period

Expected Cash Inflows

Year 2
17,000
Year 7
20,000
Year 3
16,500
Year 8
19,000
Year 4
16,400
Year 9
18,000
Year 5
18,000
Year 10
21,000
Year 6
19,500
Prepare journal entry for all transaction above (assumed that the company using cost model) and calculate
the impairment loss if the appropriate discount rate is 7%!

Problem 4
Davis Corporation filed a petition under Chapter 7 of the U.S. Bankruptcy Act on June 30, 2011. Data
relevant to its financial position as of this date are:
Book Value
Estimated NRV
Cash
$ 3,000
$ 3,000
Accounts receivable-net
72,000
48,000
Inventories
60,000
72,000
Equipment-net
165,000
87,000
Total assets
$300,000
$210,000
Accounts payable
$ 72,000
Rent payable
27,000
Wages payable
45,000
Note payable plus accrued interest
96,000
Capital stock
180,000
Retained earnings (deficit)
(120,000)
Total liabilities and equity
$300,000
Required:
Prepare a statement of affairs if the estimated liquidation expense including trustee fee is 24,000! Also,
calculate estimate amount that will be paid to each class of claims.