The kroner isfunctional currency and that Eagle uses the basic equity method for accounting for its investment inViking.
The remainder of thedifferential was attributable to patent having an estimated useful life for 5 years. The fair value of Vikings property plant and equipment exceeded its book value by $18,000.The remaining useful life of Vikings equipment at Januwas 10 years.
On January 1, 2010, the book and fair values of Norwegian subsidiarys identifiable asset andliabilities approximated their fair values except for property, plant, and equipment and patentsacquired. Vikings net asset on the date of acquisition were 700,000 kroner(Nkr). On JanuEagle Company acquired all of the outstanding stock of Viking Inc, a Norwegiancompany at a cost of $151,200. Prepare all journal entries that should be recorded at PT Exportirs book, related to all spot andforward transactions in 20. The spot and forward rate are as follows: (IDR/1EURO): Presented By: SPA-Accounting Study Division Mojakoe Akuntansi LanjutanĬontract for the same amount and the same period. Because the payment is denominated in euro, PT Exportir immediately entered into forward Problem 2 (40%)Part A (15%)On December 1 2009, PT Exportir sold inventory to customer in Germany for 50,000 on account in60 days. CENTRO reported 2010 net income of $300,000 and paid $150,000 of cash dividend- Both companies are subject to 30% income tax rateīased on the above information, you are required to calculate Consolidated Basic and Diluted EPS! The average market price of both companies common shares are $60 (AXIS) and $40(CENTRO) On the other hand,AXISs 10% bonds are not convertible CENTROs 8% bonds can be converted to 20,000 shares of common stock. AXISs preferred stock can be converted to 36,000 shares of common stock, whereasCENTROs preferred stock are not convertible. Problem 1 (20%)AXIS Inc owns 70% of CENTRO Co. MATA KULIAH : ADVANCED FINANCIAL ACCOUNTINGDOSEN : TIM DOSEN DAN ASISTENHARI/TANGGAL : THURSDAY, DEC 21ST 2010WAKTU : 150 MINUTESSIFAT : CLOSED BOOK Mojakoe dapat didownload di FB: SPA FEUI Twitter: By: SPA-Accounting Study Division Mojakoe Akuntansi Lanjutan Mojakoe dapat didownload di FB: SPA FEUI Twitter: KEUANGANLANJUTAN Dilarang memperbanyak mojakoe ini tanpa seijin SPA FEUI
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