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Akuntansi

Keuangan
Menengah II
Problem 16-1; 16-4; 16-7
Adnan Rousyan Fikr
Lana Ariando
Nafin Sanjaya
2N Akun STAN

PROBLEM 16-1
(a)

1.

Memorandum entry made to indicate the number of rights issued.

2.

Cash .....................................................................................................

3.

208,000

Bonds Payable .............................................................................

192,000

Share PremiumShare Warrants ...............................................

16,000

Cash* .....................................................................................................

304,000

Share CapitalOrdinary (9,500 X 10) .......................................

95,000

Share PremiumOrdinary ..........................................................

209,000

*[(100,000 5,000) rights exercised]


*[(10 rights/share) X 32 = 304,000

4.

Share PremiumShare Warrants


(16,000 X 80%) ..............................................................................

12,800

Cash* .....................................................................................................

48,000

Share CapitalOrdinary (1,600 X 10) .......................................

16,000

Share PremiumOrdinary ..........................................................

44,800

*0.80 X 200,000/100 per bond = 1,600


*warrants exercised; 1,600 X 30 = 48,000

5.

Compensation Expense* ........................................................................

100,000

Share PremiumShare Options..................................................

100,000

*10 X 10,000 options = 100,000

6.

For options exercised:


Cash (9,000 X 30) .................................................................................

270,000

Share PremiumShare Options


(90% X 100,000) .............................................................................

90,000

Share CapitalOrdinary (9,000 X 10) ......................................

90,000

Share PremiumOrdinary .........................................................

270,000

For options lapsed:


Share PremiumShare Options ...........................................................
Compensation Expense* ............................................................

10,000
10,000

*(Note to instructor: This entry provides an opportunity to indicate that a credit to Compensation Expense
occurs when the employee fails to fulfill an obligation, such as remaining in the employ of the company.
Conversely, if a share option lapses because the share price is lower than the exercise price, then a credit
to Share PremiumExpired Share Options occurs.)

(b)

Equity:
Share CapitalOrdinary 10 par value, authorized
1,000,000 shares, 320,100 shares
issued and outstanding .....................................................................

3,201,000

Share PremiumOrdinary ...................................................................

1,123,800

Share PremiumShare Warrants ........................................................

3,200

4,328,000

Retained Earnings......................................................................

750,000

Total Equity ...............................................................................

5,078,000

Calculations:
Share Capital

Share Premium

At beginning of year ......................................................

300,000 shares

600,000

From share rights (entry #3)..........................................

9,500 shares

209,000

From share warrants (entry #4) ....................................

1,600 shares

44,800

From share options (entry #6).......................................

9,000 shares

270,000

Total ....................................................................

320,100 shares

1,123,800

PROBLEM 16-4
Penghitungan Fitzgerald Pharmaceutical Industries basic earnings per share dan the diluted earnings per share
untuk periode yang berakhir pada 30 Juni 2010, sebagai berikut.
(a)

Basic earnings per share

Net income Preference dividends


Average ordinary shares outstanding
$1,500,000 $75,0001
1,000,000

$1,425,000
1,000,000

$1.425 or $1.43 per share

Preference dividend

= 0.06 X $1,250,000
= $75,000

Net income Preference dividends + Interest (net of tax)


(b)

Diluted earnings per share

Average ordinary shares + Potentially dilutive ordinary


shares
$1,500,000 $75,000 + $270,0002

1,000,000 + 250,0003 + 50,0004

$1,695,000
1,300,000

$1.3038 or $1.30 per share

Use if converted method for the convertible bonds


Adjustment for interest expense (net of tax)
($450,000 X .6) .............................................................................................

$270,000

Shares assumed to be issued if converted


$5,000,000 $1,000/bond X 50 shares ...............................................................

250,000

Use treasury share method to determine incremental


shares outstanding
Proceeds from exercise of options
(200,000 X $15) .................................................................................................

$3,000,000

Shares issued upon exercise of options ..............................................................

200,000

Shares purchasable with proceeds


(Proceeds Average market price)
($3,000,000 $20) ...........................................................................................

150,000

Incremental shares outstanding ...............................................................

50,000

PROBLEM 16-7

(a)

Basic EPS

$1,200,000 ($4,000,000 X .06)

600,000*

$1.60 per share

*$6,000,000 $10

(Net income Preference dividends) + Interest savings


(b)

Diluted EPS

(net of tax)
Average ordinary shares + Potentially dilutive ordinary
shares
$1,200,000 $240,000a + $97,200b

600,000 + 15,000c + 60,000d

$1,057,200
675,000

$1.57 per share

Preference shares are not assumed converted since conversion would be antidilutive. That is, conversion of the
preference shares increases the numerator $240,000 ($4,000,000 X .06) and the denominator 120,000 shares
[(4,000,000 100) X 3]

$1,800,000 X .09 X (1 .40)


c

Market price Option price


Market price

$25 $20
$25
d

X 75,000 = 15,000

($2,000,000 $1,000) X 30 shares/bond

X Number of options = incremental shares