Professional Documents
Culture Documents
40,000 60,000
10,000 10,000
40,000 60,000
90,000 110,000
Calpito Alejandre Laboguen
95,000 80,000 60,000
12,000
18,500 11,100 7,400
AC CC B/AR
80% OLD 272,000 235,000 37,000
20% NEW 58,000 80,000 (22,000)
TOTAL 330,000 315,000 15,000
Garcia
12,000
58,000
70,000
Domingo Hilario Matias Total
Salary 750 750 1,500
Interest 925 1,625 1,200 3,750
Bonus 1,120
Remainder 4:4:2 2,240 11,200
Net Income 3,440
25%(NI-S-B) 10%(NI-S-B)+149,850
40% 26,400
60% 39,600
exceeds the available net income
Celestino Corpuz Domingcil
30,000 70,000
5,475 12,775
AC CC B/AR
Old 55% 81,750 100,000 (18,250) BONUS METHOD
New: Domingcil 20% 29,727 20,000 9,727
Barnacha 25% 37,159 28,636 8,523
Total 148,636 148,636 -
Barnacha
37,159
Barnacha's Contribution:
Cash 10,000
Equipment 18,636 SQUEEZED
Total 28,636
Estado (40%) Castillo (15%)
83,000 77,000
Assets @ Cost 360,000 28,000 10,500
Assets @ FV 345,000 6,000 2,250
Asset Rev (15,000) 49,000 64,250
49,000 1,750
- 66,000
Exclude
Non-Priority: Donato 3,125
Agustin 6,250
4,500
22,500
(8,625)
13,875
-
13,875
22,500
8,528
31,028
(1,000)
30,028
(13,875)
16,153
NFA (Net Free Assets) TULI (Total Unsecured Liabilities)
121,000
30,000
35,000
46,884
111,884
126,000
89%
NFA (Net Free Assets) TULI (Total Unsecured Liabilities)
NFA/TULI 40%
al Unsecured Liabilities)
312,500
91,000
53,000
144,000
223,500
64%
Assets
41,250 52,500
45,000 18,750
Assets: Cash
Liabilities None-cash
45,000 67,500
56,250 22,500
Liab. And Equity: Liab.end
OSC
R/E
Supp. Dr & Cr
58,500 63,750
246,000 225,000
21,000 Loss
69,000 SQUEEZED
18,750
87,750
56,250
16,500
15,000
87,750
Velasco's Inv. In JV Dumaliang's Inv. In JV
60,000,000 60,000,000
26,700,000 26,700,000
86,700,000 86,700,000
Revenue 60,000,000
OPEX: (6,000,000)
(600,000)
Net Income 53,400,000
Investment in Joint Venture
500,000 Revoverable amount
100,000 30,000
550,000
If Silent use EQUITY METHOD
120,000 200,000 UG
16,420,000
Note: Period of refunding the initial franchise fee was presumed to have been expired since
the business operates profitably in its first year of operation.
Orig
50,000 120,092
Cash Note Period Installment Interest
S / /
P / / 1st 50,000 14,411
C NRA 2nd 50,000 10,140
3rd 50,000 5,357
IFF 50,000
1st installment 35,589 the 50,000 net of interest
CFF 30,000
Int. Revenue 14,411 the interest
TOTAL REVENUE 130,000
Revised
50,000 120,092
Cash Note Period Installment Interest
S / /
P / / 1st 50,000 14,411
C RA 2nd 50,000 10,140
3rd 50,000 5,357
Cash 50,000
PV of Note 120,092
IFF 170,092
Divided by Term 3
IFF recognized 56,697 90,031
OR
C.A
120,092
84,503
44,643
0
Home Office to Branch 1 500
Branch 1 to Branch 2 700
Total 1,200
The Lower amount is the Freight In
Home Office to Branch 2 (800)
Excess /(Saving) 400 If Excess account is as a loss
If Savings, it is not accounted
AFOBI (25/125) Branch: Sales 300,000
8,000
50,000 B. Inv. 40,000
46,000 Purchases -
12,000 Shp. FROM H.O 250,000
TGAS 290,000
E. Inv. (60,000) (230,000)
Gross Profit 70,000
Expenses (50,000)
N.I@BP 20,000
Realized AFOBI 46,000
Branch TRUE N.I 66,000
Home Office: Sales 600,000
B. Inv. 100,000
Purchases 350,000
Shp. TO Branch (200,000)
TGAS 250,000
E. Inv. (30,000) (220,000)
Gross Profit 380,000
Expenses (120,000)
Net Income H.O 260,000
Branch TRUE N.I 66,000
Galamgam's Net Income 326,000
AFOBI (20/120)
2,000 Divide by 20/120 to Get the Beginnign Inventory From H.O 12,000
1,600 Outsider 3,000
Branch Beg. Inventory 15,000
SQUEEZED
80% 20%
Total PP NCI
FV Subsidiary 215,000 180,000 35,000 35,000
FV Net Assets (consider Tax effect) 157,000 125,600 31,400 vs
GoodWill/(GBP) 58,000 54,400 3,600
Cash 200,000,000 100%
Stocks - Total PP
Contingent Consideration 10,000,000 FV Subsidiary 210,000,000 210,000,000
Deferred Payment - FV Net Assets 116,000,000
210,000,000 GoodWill/(GBP) 94,000,000
FVPHI: 10% -
Purchase Price 210,000,000
NCI
100% 90% 10%
Total PP NCI
FV Subsidiary 271,556 250,000
FV Net Assets 215,556 194,000
GoodWill/(GBP) 56,000 56,000
100% 70% 30%
Total PP NCI
FV Subsidiary 1,780,000 1,420,000 360,000
FV Net Assets 1,200,000 840,000 360,000
GoodWill/(GBP) 580,000 580,000 -
720,000 180,000
will be included in the CONSOLIDATED R/E
Only The ATTRIBUTABLE TO PARENT
What Happen
Depreciable Cost: 800,000
Annual Dep. 100,000
C.A 12/31/2018 400,000
P - NI NCI - NI
PNI
Dividends Received
IFOOP
SNI
Amortization of Assets:
UVA
OVA
Gains (GBP,etc)
Impairment Loss (look FV)
Inventory:
RPBI 22,500 2,500
15,000
UPEI (11,250) (1,250)
(5,000)
Depreciable:
UG
Depreciation
UL
Depreciation
Non - Depreciable:
UG
UL
P - NI NCI - NI
PNI 3,600,000
Dividends Received (224,000)
IFOOP 3,376,000
Inventory:
RPBI
UPEI
Depreciable:
UG
Depreciation
UL
Depreciation
Non - Depreciable:
UG
UL
P-BV 9,000,000
S-FV 612,000
PP (1,458,000)
GoodWill 1,098,000
DC -
IC -
CTIR -
Conso Assets 9,252,000
80% 20%
Total Purchase Price NCI
Fair Value of Subsidiary 9,396,000 7,500,000 1,896,000 1,875,000
Fair Value of Net Asset 9,480,000 7,584,000 1,896,000
GW (GBP) (84,000) (84,000) -
P - NI NCI - NI
PNI 2,880,000
Dividends Received (336,000)
IFOOP 2,544,000
Inventory:
RPBI
UPEI
Depreciable:
UG (360,000)
Depreciation 15,000
UL 134,400 33,600
Depreciation (17,920) (4,480)
Non - Depreciable:
UG
UL
P 430,000
Current Method
Temporal Method
Historical Rates
220000
110000
55000
85000
P 470,000
Buyer/Borrowe 25-Mar-18 31-Dec-18
31,800 Transaction Date Balance Sheet Date
Selling Spot Rate 76.15 72.35
3.80
120,840
28-Mar-19
Settlement Date
73.15
Seller 24-Dec-17 31-Dec-17
1,000,000 Transaction Date Balance Sheet Date
Hedge Item
1.210
Assets 146,000.00 10 1,460,000.00 R/E
325,000.00
Liabilities 45,000.00 10 450,000.00
30,000.00 180,000.00
Equity: OSC 60,000.00 11 660,000.00
R/E 475,000.00 475,000.00
CTA (125,000.00)
CTA
50,000.00
75,000.00
125,000.00
Use Historical Rate (The rate when it is DECLARED)
A 8,800 x ) 29,950
3,550
A 8,800 x 3.00 26,400
(2,640)
S 9,680 x 3.00 29,040
A 8,800 x ) 42,300
12,325
B 11,990 x 2.50 29,975
5,775 UUD
S 9,680 x 2.50 24,200
Materials Work-In-Process
Beg. Materials Beg. WIP 400,000
Net, Purchases
Direct Materilas USED Direct Materials USED
Indirect Materials USED Direct Labor
Ending Materials FOH: Ind. Mats. 725,000
Ind. Labor 625,000
OH-Applied 450,000
Ending WIP 500,000
x+1,000,000 = 80%x+1,700,000
100,000
500,000
Weighted Average:
I. Compute EUP
DM CC
Started 90,000
EWIP (30,000) 18,000 18,000
Normal Loss - - -
Abnormal Loss - - -
Started and Completed 60,000
BWIP 10,000
Completed and Transferred 70,000 70,000 70,000
EUP 88,000 88,000
8,500,000
CC 96.59
88,000
EWIP: DM 429,545
CC 1,738,636
2,168,182
FIFO:
I. Compute EUP
DM CC
Started 90,000
EWIP (30,000) 18,000 18,000
Normal Loss - - -
Abnormal Loss - - -
Started and Completed 60,000 60,000 60,000
BWIP 10,000 4,000 8,000
Completed and Transferred 70,000
EUP 82,000 86,000
8,000,000
CC 93.02
86,000
EWIP: DM 439,024
CC 1,674,419
2,113,443
From Beginning Cost (Given)
From BWIP Current
Materials Work-In-Process
Beg. Materials Beg. WIP -
Net, Purchases
Direct Materilas USED Direct Materials USED 320,000
Indirect Materials USED Direct Labor
Ending Materials FOH: Ind. Mats.
704,000
Ind. Labor
OH-Applied
Ending WIP -
Work-In-Process Finished Goods Gross Sales
Beg. FG - Sales Return
Net Sales
1,024,000 COGM COGM 1,024,000
1,011,200 COGS COGS
Ending FG 12,800 Gross Profit
OPEX
Net Income
CC Actual 708,000
CC-Applied (704,000)
UUD/(OFC) 4,000
COGS
1,011,200
4,000
1,015,200
MT = 18,700 = 10%U
U = 9,000 = 20%U
10,000,000 15,000,000 20,000,000
25.00% 60.00% 87.50%
12/31/2016 12/31/2017 12/31/2018
CITD 1,000,000 6,000,000 14,000,000
PLTD 1,500,000 3,000,000 500,000 3,500,000
CIP 2,500,000 9,000,000 17,500,000
COST RECOVERY METHOD 30.77% 45.45% 77.78%
12/31/2016 12/31/2017 12/31/2018
CITD 40,000,000 50,000,000 70,000,000
PLTD (30,000,000) (10,000,000) 10,000,000 -
CIP 10,000,000 40,000,000 70,000,000
12.50% 60.00% 90.00%
12/31/2016 12/31/2017 12/31/2018
CITD 1,000,000 5,400,000 10,800,000
PLTD 250,000 600,000 (1,000,000)
CIP 1,250,000 6,000,000 9,800,000
300,000 90,000