Piecemeal acquisition- with minority interest

On Jan. 3, 2016 Pat Corp. bought 12% of Saw outstanding shares at $30. At the end of 2016 Saw
reported $1150 000 income and paid dividend $5/share. On April, 1 2017 Pat bought 15% shares
of Saw common stock at $ 32. Saw reported 2017 income of $1200 000 and paid dividend $4/share.
Fifty three thousands of Saw's shares were bought by Pat on Jan. 3, 2018 at $22/share.
Saw stocks par $10 were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
12 12% 30 1150000 5 100000
9 15% 32 1200000 4
12 53% 22 2646250

Show your Calculation for the followings:

Number of Saw stocks issued in the stock market 100000
Amount of cash Pat paid for Saw stocks on Jan.3, 2016 360000
Total Investment in Saw stocks on April 1, 2017 780000
Total Investment in Saw stocks on Dec.31, 2017 951000
Amount of cash Pat paid for Saw stocks on Jan.3, 2018 1166000
Total Investment in Saw stocks on Jan.3, 2018 2117000
Implied value of Invest in Saw on Jan 3, 2018 2646250
Using info below- Net FV of Saw net assets 2226800
Goodwill or Gain on Jan.3, 2018 419450 goodwill
Minority interest on Jan. 3, 2018 529250
Complete the following worksheet
Pat BV Saw MV Adjustment CBS
Cash $1,200,000 1000000 1000000 $2,200,000
Account Receivable $400,000 876800 876800 $1,276,800
Inventory $140,000 306000 306000 $446,000
Other Current Assets $30,000 836000 836000 $866,000
Investment in Saw $2,117,000 0 $2,117,000 $0
Land $1,800,000 244000 244000 $2,044,000
Buildings (net) $2,156,000 800000 800000 $2,956,000
Equipment (net) $204,000 510000 510000 $714,000
Goodwill $419,450 $419,450
Total Assets $8,047,000 $10,922,250
Account Payable $100,000 1020000 1020000 $1,120,000
Loan Payable $1,500,000 1326000 1326000 $2,826,000
Capital Stock par $10 $5,000,000 $5,000,000
Paid in Capital $1,000,000 $1,000,000
Retained Earnings $447,000 $447,000
Minority Interest 529250 $529,250
Total Liab. & Equity $8,047,000 4992250 4992250 $10,922,250
Prepare the journal entries for Dec.31, 2017
Investment in Saw 480000 apr 1 2017
Cash 480000
Dividend Income 60000
Investment in Saw 60000
Investment in Saw 279000 dec 31 2017
Income from Saw 279000
Cash 108000
Investment in Saw 108000
Piecemeal acquisition with minority interest
On Jan. 3, 2016 Pat Corp. bought 12% of Saw outstanding shares at $30. At the end of 2016 Saw
reported $1150 000 income and paid dividend $5/share. On April, 1 2017 Pat bought 15% shares
of Saw common stock at $ 32. Saw reported 2017 income of $1200 000 and paid dividend $4/share.
Fifty three thousands of Saw's shares were bought by Pat on Jan. 3, 2018 at $22/share.
Saw stocks par $10 were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
par 10 14
Assume Saw Corp Assets MV is 120% from BV, and the others remain the same

Shares AcquiredMonthly Hold % Acquired Shares MV Total Share

Jan 3 2016 12,000.00 12 12% 30 100,000
April 1 2017 15,000.00 9 15% 32
Jan 3 2018 53,000.00 53% 22
80% 70
Income Dvdn/Share Dvdn Total
End 2016 1,150,000 5 500,000
End 2017 1,200,000 4 400,000
Prepare the journal entries for Pat Investment in Saw on:
Jan.3, 2016 Calculate Pat Investment in Saw and controlling
Investment in Saw 360,000 interest on : Investment
Cash 360000 Jan 03, 2016 360000
Dec.31, 2016 april 30 2017 780000
Cash 60,000 Dec. 31, 2017 951000
Dividend Income 60000 Jan. 3, 2018 2117000
April 30, 2017
Investment in Saw 480,000 On January 2018, Saw financial position is as follows:
Cash 480000 BV
Dividend Income 60000 Assets $7,200,000
Investment in Saw 60000 Liabilities $2,300,000
$4,900,000
Dec. 31, 2017 Prepare journal entries to recognized Saw Assets
Investment in Saw $279,000 and Liabilities on Pat Corp. , if On January 2018,
Income from Saw $279,000 Saw financial position is as follows:
BV
Cash $108,000 Cash $1,200,000
Investment in Saw $108,000 Account Receivable $200,000
Inventory $400,000
Jan.3 2018 Other Current Assets $36,750
Investment in Saw $1,166,000 Land $1,800,000
Cash $1,166,000 Buildings (net) $2,156,000
Equipment (net) $204,000
Assets $4,572,800 Account Payable $100,000
Goodwill Loan Payable $870,000
Liabilities $2,346,000 Capital Stock par $10 $5,000,000
Investment in Saw $2,117,000 Paid in Capital $1,000,000
 Bargain purchase Gain $499,300 Retained Earnings
$4,572,800 $4,962,300 Total Allocated to identifiable net assets
minority interest -$389,500 Net Assets 5,026,750
Fair Value/Purchase Price of 100% Acq 2,117,000 0
Fair Value of Saw's Net Assets 2,226,800 $5,026,750
Total Excess/(Deficit) of FV to BV (109,800)

Checking Err:504
1727500
2,117,000 C20+C26-D29+C32-D36+C39
2,117,000 (E11*F11*G11)+(E12*G11*F12)-(E11*G11*E16)+(((E11*D11/12)+(E12*D12/12))*D17)-((

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 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 37500 stocks
Pat-BV Adjustment
Assets
Cash $1,200,000 $ 1,000,000
cash Account Receivable $400,000 $ 876,800
common stock Inventory $140,000 $ 306,000
paid in capital Other Current Assets $30,000 $ 836,000
Investment in Saw $2,117,000
implit value (100%) Land $1,800,000 $ 244,000
2646250 Buildings (net) $2,156,000 $ 800,000
529250 25.00% Equipment (net) $204,000 $ 510,000
66156250.00% Goodwill - ini disini kalo ada goodwill $ 419,450
Total Assets $8,047,000.00
2,646,250 Liabilities
529,250 Account Payable $100,000
Loan Payable $1,500,000
Owners'Equity
w and controlling Capital Stock par $10 $5,000,000
C'trol interest Paid in Capital $1,000,000
12% Retained Earnings $447,000
27% minority interest
27% Gain in Bargain Purchase
80% Total Liabilities & Equity $8,047,000.00 $4,992,250
Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.
on is as follows: Checking $1 1
MV $0 $0
$4,572,800 cara cari retained earnings (from BV) menentukan goodwil atau gain dari market
$2,346,000 total assets before RE 8,487,000.00 net asset
$2,226,800 (Include invesment) investment
zed Saw Assets total liability and equity 7,600,000.00 goodwill/(gain)
January 2018, before RE jikalau nilai invesment > net assets maka ia
Retained Earnings 887,000.00 jikalau nilai invesment < net assets maka ia
MV Excess Allocated $ 4,572,800
1000000 (200,000)
876800 676,800
306000 (94,000) Pat BV
836000 799,250 Cash $1,200,000
244000 (1,556,000) Account Receivable $200,000
800000 (1,356,000) Inventory $400,000
510000 306,000 Other Current Assets $36,750
1020000 920,000 Investment in Saw
1326000 456,000 Land $1,800,000
Buildings (net) $2,156,000
Equipment (net) $204,000
 Account Payable $100,000
dentifiable net assets (47,950) Loan Payable $870,000
2,226,800 Capital Stock par $10 $5,000,000
1 Paid in Capital $1,000,000
Retained Earnings

formula
180+ 150 - 35 + 209,50-,205 + perhitungan berikut dari 90%

2)+(E12*D12/12))*D17)-((E11+E12)*E17*G11)+(E13*G11*F13)
urchase of Saw 37500 stocks
Adjustment Consolidated BS

$2,200,000 $ 4,572,800
$1,276,800 $ 2,346,000
$446,000 $ 2,226,800
$866,000
$ 2,117,000 $0
$2,044,000
$2,956,000
$714,000 $ 1,697,550
$419,450 $ (419,450)
$10,922,250

$ 1,020,000 $1,120,000
$ 1,326,000 $2,826,000

$5,000,000
$1,000,000
$447,000
529250 $529,250
$0
$4,992,250 $10,922,250
iary Saw Corp.
$1

entukan goodwil atau gain dari market value

$ 2,226,800 $ 2,226,800
$ 2,117,000 $ 2,117,000
$ (109,800) $ (109,800)
u nilai invesment > net assets maka ia goodwill
u nilai invesment < net assets maka ia gain
$ 2,346,000

Pat BV
Cash $1,200,000
Account Receivable $200,000
Inventory $400,000
Other Current Assets $36,750
Investment in Saw
Land $1,800,000
Buildings (net) $2,156,000
Equipment (net) $204,000
Account Payable $100,000
Loan Payable $870,000
Capital Stock par $11 $5,000,000
Paid in Capital $1,000,000
Retained Earnings
Piecemeal acquisition with minority interest
On Jan. 3, 2016 Pat Corp. bought 15000 shares of Saw stocks at $12. At the end of 2016 Saw
reported $1500 000 income and paid dividend $300000. On April, 30 2017 Pat bought 10% shares
of Saw common stock at $ 15. Saw reported 2017 income of $1350 000 and paid dividend $5/share.
Fifty thousands of Saw's shares were bought by Pat on Jan. 3, 2018 at $17/share.
Saw stocks were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
12 15% 12 1500000 3 100000
8 10% 15 1350000 5
12 50% 17 1736666.667
Show your Calculation for the followings:
Pat investment in Saw stocks on Jan.3, 2016 180000
Total Investment in Saw stocks on April 30, 2017 285000
Total Investment in Saw stocks on Dec.31, 2017 452500
Total Investment in Saw stocks on Jan.3, 2018 1302500
Implied value of Invest in Saw on Jan 3, 2018 1736667
Using info below- Net FV of Saw net assets
Goodwill or Gain on Jan.3, 2018 gain 490133
Minority interest on Jan. 3, 2018 434167
Complete the following worksheet
Pat BV Saw MV Adjustment CBS
Cash $1,200,000 1000000 1000000 $2,200,000
Account Receivable $200,000 876800 876800 $1,076,800
Inventory $400,000 306000 306000 $706,000
Other Current Assets $36,750 836000 836000 $872,750
Investment in Saw 1302500 1302500 $0
Land $1,800,000 244000 244000 $2,044,000
Buildings (net) $2,156,000 800000 800000 $2,956,000
Equipment (net) $204,000 510000 510000 $714,000
Goodwill
Total Assets $7,299,250 $10,569,550
Account Payable $100,000 1020000 1020000 $1,120,000
Loan Payable $870,000 1326000 1326000 $2,196,000
Capital Stock par $10 $5,000,000 $5,000,000
Paid in Capital $1,000,000 $1,000,000
Retained Earnings $329,250 490133.33333 $819,383
Minority interest 434166.66667 $434,167
Total Liab. & Equity $7,299,250 4572800 4572800 $10,569,550
Prepare all journal entries for 2017
Investment in Saw 150000
Cash 150000
Dividend Income 45000
Investment in Saw 45000
Investment in Saw 292500
Income from Saw 292500
Cash 125000
Investment in Saw 125000
Piecemeal acquisition with minority interest
On Jan. 3, 2016 Pat Corp. bought 15000 shares of Saw stocks at $12. At the end of 2016 Saw
reported $1500 000 income and paid dividend $300000. On April, 30 2017 Pat bought 10% shares
of Saw common stock at $ 15. Saw reported 2017 income of $1350 000 and paid dividend $5/share.
Fifty thousands of Saw's shares were bought by Pat on Jan. 3, 2018 at $17/share.
Saw stocks were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
par 10 14
Assume Saw Corp Assets MV is 120% from BV, and the others remain the same

Shares AcquiredMonthly Hold % Acquired Shares MV Total Share

Jan 3 2016 15,000.00 12 15% 12 100,000
April 30 2017 10,000.00 8 10% 15
Jan 3 2018 50,000.00 50% 17
75% 70
Income Dvdn/Share Dvdn Total
End 2016 1,500,000 3 300,000
End 2017 1,350,000 5 500,000
Prepare the journal entries for Pat Investment in Saw on:
Jan.3, 2016 Calculate Pat Investment in Saw and controlling
Investment in Saw 180,000 interest on : Investment
Cash 180000 Jan 03, 2016 180000
Dec.31, 2016 april 30 2017 285000
Cash 45,000 Dec. 31, 2017 452500
Dividend Income 45000 Jan. 3, 2018 1302500
April 30, 2017
Investment in Saw 150,000 On January 2018, Saw financial position is as follows:
Cash 150000 BV
Dividend Income 45000 Assets $7,200,000
Investment in Saw 45000 Liabilities $2,300,000
$4,900,000
Dec. 31, 2017 Prepare journal entries to recognized Saw Assets
Investment in Saw $292,500 and Liabilities on Pat Corp. , if On January 2018,
Income from Saw $292,500 Saw financial position is as follows:
BV
Cash $125,000 Cash $1,200,000
Investment in Saw $125,000 Account Receivable $200,000
Inventory $400,000
Jan.3 2018 Other Current Assets $36,750
Investment in Saw $850,000 Land $1,800,000
Cash $850,000 Buildings (net) $2,156,000
Equipment (net) $204,000
Assets $4,572,800 Account Payable $100,000
Goodwill Loan Payable $870,000
Liabilities $2,346,000 Capital Stock par $10 $5,000,000
Investment in Saw $1,302,500 Paid in Capital $1,000,000
 Bargain purchase Gain $499,300 Retained Earnings
$4,572,800 $4,147,800 Total Allocated to identifiable net assets
minority interest $425,000 Net Assets 5,026,750
Fair Value/Purchase Price of 100% Acq 1,302,500 0
Fair Value of Saw's Net Assets 2,226,800 $5,026,750
Total Excess/(Deficit) of FV to BV (924,300)

Checking Err:504
1727500
1,302,500 C20+C26-D29+C32-D36+C39
1,302,500 (E11*F11*G11)+(E12*G11*F12)-(E11*G11*E16)+(((E11*D11/12)+(E12*D12/12))*D17)-((

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 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 37500 stocks
Pat-BV Adjustment
Assets
Cash $1,200,000 $ 1,000,000
cash Account Receivable $200,000 $ 876,800
common stock Inventory $400,000 $ 306,000
paid in capital Other Current Assets $36,750 $ 836,000
Investment in Saw $1,302,500
implit value (100%) Land $1,800,000 $ 244,000
1736666.66667 Buildings (net) $2,156,000 $ 800,000
434167 25.00% Equipment (net) $204,000 $ 510,000
43416666.67% Goodwill - ini disini kalo ada goodwill
Total Assets $7,299,250.00
1,736,667 Liabilities
434,167 Account Payable $100,000
Loan Payable $870,000
Owners'Equity
w and controlling Capital Stock par $10 $5,000,000
C'trol interest Paid in Capital $1,000,000
15% Retained Earnings $329,250
25% minority interest
25% Gain in Bargain Purchase
75% Total Liabilities & Equity $7,299,250.00 $4,572,800
Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.
on is as follows: Checking $1 1
MV $0
$4,572,800 cara cari retained earnings (from BV) menentukan goodwil atau gain dari market
$2,346,000 total assets before RE 8,487,000.00 net asset
$2,226,800 (Include invesment) investment
zed Saw Assets total liability and equity 7,600,000.00 goodwill/(gain)
January 2018, before RE jikalau nilai invesment > net assets maka ia
Retained Earnings 887,000.00 jikalau nilai invesment < net assets maka ia
MV Excess Allocated $ 4,572,800
1000000 (200,000)
876800 676,800
306000 (94,000) Pat BV
836000 799,250 Cash $1,200,000
244000 (1,556,000) Account Receivable $200,000
800000 (1,356,000) Inventory $400,000
510000 306,000 Other Current Assets $36,750
1020000 920,000 Investment in Saw
1326000 456,000 Land $1,800,000
Buildings (net) $2,156,000
Equipment (net) $204,000
 Account Payable $100,000
dentifiable net assets (47,950) Loan Payable $870,000
2,226,800 Capital Stock par $10 $5,000,000
1 Paid in Capital $1,000,000
Retained Earnings

formula
180+ 150 - 35 + 209,50-,205 + perhitungan berikut dari 90%

2)+(E12*D12/12))*D17)-((E11+E12)*E17*G11)+(E13*G11*F13)
urchase of Saw 37500 stocks
Adjustment Consolidated BS

$2,200,000 $ 4,572,800
$1,076,800 $ 2,346,000
$706,000 $ 2,226,800
$872,750
$ 1,302,500 $0
$2,044,000
$2,956,000
$714,000 $ 1,792,633
$0 $ 490,133
$10,569,550

$ 1,020,000 $1,120,000
$ 1,326,000 $2,196,000

$5,000,000
$1,000,000
$329,250
434167 $434,167
$ 490,133 $490,133
$4,572,800 $10,569,550
iary Saw Corp.
$1
$0
entukan goodwil atau gain dari market value
$ 2,226,800 $ 2,226,800
$ 1,302,500 $ 1,302,500
$ (924,300) $ (924,300)
u nilai invesment > net assets maka ia goodwill
u nilai invesment < net assets maka ia gain
$ 2,346,000

Pat BV
Cash $1,200,000
Account Receivable $200,000
Inventory $400,000
Other Current Assets $36,750
Investment in Saw
Land $1,800,000
Buildings (net) $2,156,000
Equipment (net) $204,000
Account Payable $100,000
Loan Payable $870,000
Capital Stock par $11 $5,000,000
Paid in Capital $1,000,000
Retained Earnings
Piecemeal acquisition with minority interest
On Jan. 3, 2016 Pat Corp. bought 16000 shares of Saw stocks at $15. At the end of 2016 Saw
reported $1500 000 income and paid dividend $3/stock. On April, 1 2017 Pat bought 14% shares
of Saw common stock at $ 17. Saw reported 2017 income of $1350 000 and paid dividend $4/share.
forty-five thousands of Saw's shares were bought by Pat on Jan. 3, 2018 at $20/share.
Saw stocks were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
12 16% 15 1500000 3 100000
9 14% 17 1350000 4
12 45% 20
Show your Calculation for the followings:
Pat controllin interest in Saw stocks on Jan.3, 2016
Total Investment in Saw stocks on April 1, 2017
Total Investment in Saw stocks on Dec.31, 2017
Pat controling interest in Saw stocks on Jan.3, 2018
Implied value of Invest in Saw on Jan 3, 2018
Using info below- Net FV of Saw net assets
Goodwill or Gain on Jan.3, 2018
Minority interest on Jan. 3, 2018
Complete the following worksheet
Pat BV Saw MV Adjustment CBS
Cash $1,200,000 1000000 1000000 $2,200,000
Account Receivable $400,000 876800 876800 $1,276,800
Inventory $200,000 306000 306000 $506,000
Other Current Assets $50,000 836000 836000 $886,000
Investment in Saw 1567750 0 1567750 $0
Land $1,800,000 244000 244000 $2,044,000
Buildings (net) $2,156,000 800000 800000 $2,956,000
Equipment (net) $204,000 510000 510000 $714,000
Goodwill 22583.33333 $22,583
Total Assets $7,577,750 $4,572,800 $10,605,383
Account Payable $100,000 1020000 1020000 $1,120,000
Loan Payable $1,077,750 1485050 1485050 $2,562,800
Capital Stock par $10 $5,000,000 $5,000,000
Paid in Capital $1,000,000 $1,000,000
Retained Earnings $400,000 $400,000
Minority interst 522583 $522,583
Total Liab. & Equity $7,577,750 $2,505,050 4595383.333 4595383.333 $10,605,383
Prepare journal entries on 2016 and April 1, 2017
Piecemeal acquisition with minority interest
On Jan. 3, 2016 Pat Corp. bought 16000 shares of Saw stocks at $15. At the end of 2016 Saw
reported $1500 000 income and paid dividend $3/stock. On April, 1 2017 Pat bought 14% shares
of Saw common stock at $ 17. Saw reported 2017 income of $1350 000 and paid dividend $4/share.
forty-five thousands of Saw's shares were bought by Pat on Jan. 3, 2018 at $20/share.
Saw stocks were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
par 10 14
Assume Saw Corp Assets MV is 120% from BV, and the others remain the same

Shares AcquiredMonthly Hold % Acquired Shares MV Total Share

Jan 3 2016 16,000.00 12 16% 15 100,000
April 1 2017 10,000.00 9 14% 17
Jan 3 2018 45,000.00 45% 20
75%
Income Dvdn/Share Dvdn Total
End 2016 1,500,000 3 300,000
End 2017 1,350,000 4 400,000
Prepare the journal entries for Pat Investment in Saw on:
Jan.3, 2016 Calculate Pat Investment in Saw and controlling
Investment in Saw 240,000 interest on : Investment
Cash 240000 Jan 03, 2016 240000
Dec.31, 2016 april 30 2017 430000
Cash 48,000 Dec. 31, 2017 667750
Dividend Income 48000 Jan. 3, 2018 1567750
April 30, 2017
Investment in Saw 238,000 On January 2018, Saw financial position is as follows:
Cash 238000 BV
Dividend Income 48000 Assets $7,200,000
Investment in Saw 48000 Liabilities $2,300,000
$4,900,000
Dec. 31, 2017 Prepare journal entries to recognized Saw Assets
Investment in Saw $357,750 and Liabilities on Pat Corp. , if On January 2018,
Income from Saw $357,750 Saw financial position is as follows:
BV
Cash $120,000 Cash $1,200,000
Investment in Saw $120,000 Account Receivable $200,000
Inventory $400,000
Jan.3 2018 Other Current Assets $36,750
Investment in Saw $900,000 Land $1,800,000
Cash $900,000 Buildings (net) $2,156,000
Equipment (net) $204,000
Assets $4,572,800 Account Payable $100,000
Goodwill Loan Payable $870,000
Liabilities $2,346,000 Capital Stock par $10 $5,000,000
Investment in Saw $1,567,750 Paid in Capital $1,000,000
 Bargain purchase Gain $499,300 Retained Earnings
$4,572,800 $4,413,050 Total Allocated to identifiable net assets
minority interest $159,750 Net Assets 5,026,750
Fair Value/Purchase Price of 100% Acq 1,567,750 0
Fair Value of Saw's Net Assets 2,226,800 $5,026,750
Total Excess/(Deficit) of FV to BV (659,050)

Checking Err:504
1727500
1,567,750 C20+C26-D29+C32-D36+C39
1,567,750 (E11*F11*G11)+(E12*G11*F12)-(E11*G11*E16)+(((E11*D11/12)+(E12*D12/12))*D17)-((

ad
 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 37500 stocks
Pat-BV Adjustment
Assets
Cash $1,200,000 $ 1,000,000
cash Account Receivable $200,000 $ 876,800
common stock Inventory $400,000 $ 306,000
paid in capital Other Current Assets $36,750 $ 836,000
Investment in Saw $1,567,750
implit value (100%) Land $1,800,000 $ 244,000
2090333.33333 Buildings (net) $2,156,000 $ 800,000
522583 25.00% Equipment (net) $204,000 $ 510,000
52258333.33% Goodwill - ini disini kalo ada goodwill
Total Assets $7,564,500.00
2,090,333 Liabilities
522,583 Account Payable $100,000
Loan Payable $870,000
Owners'Equity
w and controlling Capital Stock par $10 $5,000,000
C'trol interest Paid in Capital $1,000,000
16% Retained Earnings $594,500
30% minority interest
30% Gain in Bargain Purchase
75% Total Liabilities & Equity $7,564,500.00 $4,572,800
Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.
on is as follows: Checking $1 1
MV $0
$4,572,800 cara cari retained earnings (from BV) menentukan goodwil atau gain dari market
$2,346,000 total assets before RE 8,487,000.00 net asset
$2,226,800 (Include invesment) investment
zed Saw Assets total liability and equity 7,600,000.00 goodwill/(gain)
January 2018, before RE jikalau nilai invesment > net assets maka ia
Retained Earnings 887,000.00 jikalau nilai invesment < net assets maka ia
MV Excess Allocated $ 4,572,800
1000000 (200,000)
876800 676,800
306000 (94,000) Pat BV
836000 799,250 Cash $1,200,000
244000 (1,556,000) Account Receivable $200,000
800000 (1,356,000) Inventory $400,000
510000 306,000 Other Current Assets $36,750
1020000 920,000 Investment in Saw
1326000 456,000 Land $1,800,000
Buildings (net) $2,156,000
Equipment (net) $204,000
 Account Payable $100,000
dentifiable net assets (47,950) Loan Payable $870,000
2,226,800 Capital Stock par $10 $5,000,000
1 Paid in Capital $1,000,000
Retained Earnings

formula
180+ 150 - 35 + 209,50-,205 + perhitungan berikut dari 90%

2)+(E12*D12/12))*D17)-((E11+E12)*E17*G11)+(E13*G11*F13)
urchase of Saw 37500 stocks
Adjustment Consolidated BS

$2,200,000 $ 4,572,800
$1,076,800 $ 2,346,000
$706,000 $ 2,226,800
$872,750
$ 1,567,750 $0
$2,044,000
$2,956,000
$714,000 $ 1,704,217
$0 $ 136,467
$10,569,550

$ 1,020,000 $1,120,000
$ 1,326,000 $2,196,000

$5,000,000
$1,000,000
$594,500
522583 $522,583
$ 136,467 $136,467
$4,572,800 $10,569,550
iary Saw Corp.
$1
$0
entukan goodwil atau gain dari market value
$ 2,226,800 $ 2,226,800
$ 1,567,750 $ 1,567,750
$ (659,050) $ (659,050)
u nilai invesment > net assets maka ia goodwill
u nilai invesment < net assets maka ia gain
$ 2,346,000

Pat BV
Cash $1,200,000
Account Receivable $200,000
Inventory $400,000
Other Current Assets $36,750
Investment in Saw
Land $1,800,000
Buildings (net) $2,156,000
Equipment (net) $204,000
Account Payable $100,000
Loan Payable $870,000
Capital Stock par $11 $5,000,000
Paid in Capital $1,000,000
Retained Earnings
Piecemeal acquisition with minority interest
On Jan. 3, 2016 Pat Corp. bought 12000 shares of Saw stocks at $15. At the end of 2016 Saw
reported $1500 000 income and paid dividend $4/stock. On May 31, 2017 Pat bought 14% shares
of Saw common stock at $ 20. Saw reported 2017 income of $1350 000 and paid dividend $5/share.
Fifty four thousands of Saw's shares were bought by Pat on Jan. 3, 2018 at $22/share.
Saw stocks were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000

Prepare the journal entries for the followings:

Jan.5, 2015

Jan.3, 2016

31-May-17

Dec.31, 2017

Jan. 3, 2018

Complete the following worksheet

Pat BV Saw MV Adjusment CBS
Cash $1,200,000 $1,000,000
Account Receivable $400,000 $875,000
Inventory $200,000 $300,000
Other Current Assets $50,000 $835,000
Investment in Saw
Land $1,800,000 $200,000
Buildings (net) $2,156,000 $800,000
Equipment (net) $204,000 $500,000
Goodwill
Total Assets
Account Payable $100,000 $1,000,000
Loan Payable $1,189,750 $1,500,000
Capital Stock par $10 $5,000,000
Paid in Capital $1,000,000
Retained Earnings
Minority Interest
Total Liab.& Equity
Piecemeal acquisition with minority interest
On Jan. 3, 2016 Pat Corp. bought 12000 shares of Saw stocks at $15. At the end of 2016 Saw
reported $1500 000 income and paid dividend $4/stock. On May 31, 2017 Pat bought 14% shares
of Saw common stock at $ 20. Saw reported 2017 income of $1350 000 and paid dividend $5/share.
Fifty four thousands of Saw's shares were bought by Pat on Jan. 3, 2018 at $22/share.
Saw stocks were initially sold on Jan. 5, 2015 at fair value $14 collecting fund of $1400000
par 10 14
Assume Saw Corp Assets MV is 120% from BV, and the others remain the same

Shares AcquiredMonthly Hold % Acquired Shares MV Total Share

Jan 3 2016 12,000.00 12 12% 15 100,000
may 31 2017 14,000.00 7 14% 17
Jan 3 2018 45,000.00 45% 20
71%
Income Dvdn/Share Dvdn Total
End 2016 1,500,000 4 300,000
End 2017 1,350,000 4 400,000
Prepare the journal entries for Pat Investment in Saw on:
Jan.3, 2016 Calculate Pat Investment in Saw and controlling
Investment in Saw 180,000 interest on : Investment
Cash 180000 Jan 03, 2016 180000
Dec.31, 2016 april 30 2017 370000
Cash 48,000 Dec. 31, 2017 538250
Dividend Income 48000 Jan. 3, 2018 1438250
April 30, 2017
Investment in Saw 238,000 On January 2018, Saw financial position is as follows:
Cash 238000 BV
Dividend Income 48000 Assets $7,200,000
Investment in Saw 48000 Liabilities $2,300,000
$4,900,000
Dec. 31, 2017 Prepare journal entries to recognized Saw Assets
Investment in Saw $272,250 and Liabilities on Pat Corp. , if On January 2018,
Income from Saw $272,250 Saw financial position is as follows:
BV
Cash $104,000 Cash $1,200,000
Investment in Saw $104,000 Account Receivable $200,000
Inventory $400,000
Jan.3 2018 Other Current Assets $36,750
Investment in Saw $900,000 Land $1,800,000
Cash $900,000 Buildings (net) $2,156,000
Equipment (net) $204,000
Assets $4,572,800 Account Payable $100,000
Goodwill Loan Payable $870,000
Liabilities $2,346,000 Capital Stock par $10 $5,000,000
Investment in Saw $1,438,250 Paid in Capital $1,000,000
 Bargain purchase Gain $499,300 Retained Earnings
$4,572,800 $4,283,550 Total Allocated to identifiable net assets
minority interest $289,250 Net Assets 5,026,750
Fair Value/Purchase Price of 100% Acq 1,438,250 0
Fair Value of Saw's Net Assets 2,226,800 $5,026,750
Total Excess/(Deficit) of FV to BV (788,550)

Checking Err:504
1727500
1,438,250 C20+C26-D29+C32-D36+C39
1,438,250 (E11*F11*G11)+(E12*G11*F12)-(E11*G11*E16)+(((E11*D11/12)+(E12*D12/12))*D17)-((

ad
 Pat Corp financial position on Jan. 3 2018 after the purchase of Saw 37500 stocks
Pat-BV Adjustment
Assets
Cash $1,200,000 $ 1,000,000
cash Account Receivable $200,000 $ 876,800
common stock Inventory $400,000 $ 306,000
paid in capital Other Current Assets $36,750 $ 836,000
Investment in Saw $1,438,250
implit value (100%) Land $1,800,000 $ 244,000
2025704.22535 Buildings (net) $2,156,000 $ 800,000
587454 25.00% Equipment (net) $204,000 $ 510,000
50642605.63% Goodwill - ini disini kalo ada goodwill
Total Assets $7,435,000.00
2,025,704 Liabilities
587,454 Account Payable $100,000
Loan Payable $870,000
Owners'Equity
w and controlling Capital Stock par $10 $5,000,000
C'trol interest Paid in Capital $1,000,000
12% Retained Earnings $594,500
26% minority interest
26% Gain in Bargain Purchase
71% Total Liabilities & Equity $7,564,500.00 $4,572,800
Complete the worksheet for Pat Corp. and the Subsidiary Saw Corp.
on is as follows: Checking $0 0
MV -$129,500
$4,572,800 cara cari retained earnings (from BV) menentukan goodwil atau gain dari market
$2,346,000 total assets before RE 8,487,000.00 net asset
$2,226,800 (Include invesment) investment
zed Saw Assets total liability and equity 7,600,000.00 goodwill/(gain)
January 2018, before RE jikalau nilai invesment > net assets maka ia
Retained Earnings 887,000.00 jikalau nilai invesment < net assets maka ia
MV Excess Allocated $ 4,572,800
1000000 (200,000)
876800 676,800
306000 (94,000) Pat BV
836000 799,250 Cash $1,200,000
244000 (1,556,000) Account Receivable $200,000
800000 (1,356,000) Inventory $400,000
510000 306,000 Other Current Assets $36,750
1020000 920,000 Investment in Saw
1326000 456,000 Land $1,800,000
Buildings (net) $2,156,000
Equipment (net) $204,000
 Account Payable $100,000
dentifiable net assets (47,950) Loan Payable $870,000
2,226,800 Capital Stock par $10 $5,000,000
1 Paid in Capital $1,000,000
Retained Earnings

formula
180+ 150 - 35 + 209,50-,205 + perhitungan berikut dari 90%

2)+(E12*D12/12))*D17)-((E11+E12)*E17*G11)+(E13*G11*F13)
urchase of Saw 37500 stocks
Adjustment Consolidated BS

$2,200,000 $ 4,572,800
$1,076,800 $ 2,346,000
$706,000 $ 2,226,800
$872,750
$ 1,438,250 $0
$2,044,000
$2,956,000
$714,000 $ 1,639,346
$0 $ 201,096
$10,569,550

$ 1,020,000 $1,120,000
$ 1,326,000 $2,196,000

$5,000,000
$1,000,000
$594,500
587454 $587,454
$ 136,467 $136,467
$4,508,171 $10,634,421
iary Saw Corp.
$0
$64,629
entukan goodwil atau gain dari market value
$ 2,226,800 $ 2,226,800
$ 1,438,250 $ 1,438,250
$ (788,550) $ (788,550)
u nilai invesment > net assets maka ia goodwill
u nilai invesment < net assets maka ia gain
$ 2,346,000

Pat BV
Cash $1,200,000
Account Receivable $200,000
Inventory $400,000
Other Current Assets $36,750
Investment in Saw
Land $1,800,000
Buildings (net) $2,156,000
Equipment (net) $204,000
Account Payable $100,000
Loan Payable $870,000
Capital Stock par $11 $5,000,000
Paid in Capital $1,000,000
Retained Earnings