20180705140802_Tugas Kelompok 3 Week 6.docx - Tugas Kelompok ke-3(Minggu\/Sesi 6 SOAL 1 Pada January 2 2014 Design Inc perusahaan parent company U.S

20180705140802_Tugas Kelompok 3 Week 6.docx - Tugas...

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Tugas Kelompok ke-3 (Minggu/Sesi 6) SOAL 1 Pada January 2, 2014, Design Inc., perusahaan parent company U.S., membeli 100% kepemilikan di Perfect Company, subdivision berlokasi di Switzerland. Financial statements Perfect Company tahun 2014, adalah sebagai berikut: Comparative Balance Sheets Jan. 2 Dec. 31 Cash 15,000 33,000 Accounts receivable 45,000 49,500 Plant and equipment (net) (purchased 6/30/11) 75,000 67,500 Land (purchased 6/30/11) 45,000 45,000 Total 180,000 195,000 Accounts payable 13,500 18,000 Long-term notes payable (issued 6/30/11) 31,500 27,000 Common stock (issued 6/30/11) 90,000 90,000 Retained earnings 45,000 60,000 Total 180,000 195,000 Income Statement Revenues 180,000 Operating expenses including depreciation of 7,500 francs 135,000 Net income 45,000 Beginning retained earnings 45,000 90,000 Dividends declared and paid 30,000 Ending retained earnings 60,000 Sales were earned and operating expenses were incurred evenly during the year. Exchange rates for the franc at various dates are: January 2, 2014 0.8700 F1134 - Accounting for Complex Transactions
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December 31, 2014 0.8930 Average for 2014 0.8615 December 10, 2014, dividend payment date 0.8710 June 30, 2011 0.8216 Required : 1.
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