Nama NIM Semester

: Fernanndo Eriawan : 1110082000129 : 5 Akuntansi D

E7-13
1 Gain on constructive retirement of bonds: Purchase price of bonds Book value Gain on constructive retirement of bonds 48.800 50.000 1.200

2 Son accounts for its investment in Pap bonds Jan 2, 2013 Investment in Pap bonds Cash

48.800 48.800

July 1, 2013 Cash Investment in Pap bonds Interest Income December 31, 2013 Interest receivable Investment in Pap bonds Interest income 3 Pap accounts for its bonds payable July 1, 2013 Interest expense Cash December 31, 2013 Interest expense

2.000 200 2.200

2.000 200 2,200

4.000 4.000

4.000

Interest payable

4.000

4 Pap accounts for its investment in Son

Investment in Son Income from Son (80% x $50.000) + 1.200(constructive gain) 400(piecemeal recognition of gain).

40.800 40.800

5 Noncontrolling interest share (50,000 x 20%) Controlling share of NI (200,000 + 40,800) Consolidated Net Income (10,000 + 240,800)

10,000 240,800 250,800