SOAL ASISTENSI AKUNTANSI KEUANGAN 2

STOCKHOLDERS’ EQUITY

Dosen: Ibu Dini Marina | Asdos: Fabiola Kristi | Pertemuan 2 | Page 1

UNIVERSITAS INDONESIA

FAKULTAS EKONOMI DEPARTEMEN AKUNTANSI

PROBLEM 1

AAA Co. produces stage and sound system for festival. Most of its revenues come from major

firm in industry. The balance of its shareholders’ equity section on the statement of financial

position as of July 1,2013 is as follow:

Preference Share 10%, non-cumulative, par $100

(2,000 shares issued, 5,000 shares authorized) $200,000

Share Premium - Preference share 60,000

Ordinary Share, par $33

(25,000 shares outstanding, 27,000 shares issued, 50,000 shares authorized) 691,000

Share Premium - Ordinary Share 378,000

Retained Earnings 550,000

Treasury Share (2,000 shares, at cost) (80,000)

Related transactions during the last semester of 2013:

Jul. 3 Issued 6,000 shares ordinary share at $43

Jul. 15 Purchased 1,500 shares of its own ordinary share at cost

Aug. 10 Declared cash dividends for a total $55,000 on both preference share and

ordinary share outstanding recorded on Aug. 20

Aug. 20 Recorded the names of the shareholders for dividend calculation

Sep. 1 Paid the cash dividends declared on Aug. 10

Sep. 9 Sold 1,000 shares of treasury shares at $37

Sep. 20 Issued 750 shares of preference share at $105

Oct. 15 Sold 2,500 shares of treasury share at $42

Oct. 30

Issued 7,500 ordinary shares and 1,000 preference shares for a lump sum

$400,000 The fair value for ordinary shares is $38, and the preference shares is

unknown.

Nov. 11 Declared 5% share dividend on ordinary share outstanding,capitalized at $45

Dec. 2 Issued the share dividend declared on Nov 11

Dec. 13 Declared a share split of 1:3 for ordinary share

Dec. 31 The company recorded a net income of $125,000 for the last semester of 2013

Instruction:

1. Prepare the journal entries for the above transactions and a memorandum note, if needed.

2. Construct the equity section for the above information.

PROBLEM 2

Issuing Equity Instrument

During Januari 2014, XYZ Corporation’s transaction related to their shares:

Jan. 2 Authorized to issue 200,000, 20% Preference Shares with par value of Rp 800 and

500,000 Ordinary Shares with par value of Rp 400 from Bapepam LK.

SOAL ASISTENSI AKUNTANSI KEUANGAN 2

STOCKHOLDERS’ EQUITY

Dosen: Ibu Dini Marina | Asdos: Fabiola Kristi | Pertemuan 2 | Page 2

UNIVERSITAS INDONESIA

FAKULTAS EKONOMI DEPARTEMEN AKUNTANSI

Jan. 5 Issued 100,000 Ordinary Shares cash at market value of Rp 1,000 and 20,000 10%

Preference Shares at Rp 2,500 per share. Investment banker’s fee for this transaction is Rp

2,000,000

Jan. 10 Issued 50,000 Ordinary Shares for machine. Fair value of the machine is Rp 67,500,000

and the share price is 950

Jan. 15 Issued 75,000 Ordinary Shares and 30,000 Preference Shares for a lump sum Rp

100,000,000. The fair value for Ordinary Shares is Rp 920 and the Preference Shares is

Rp 2,200 (solve using proportional method and incremental method)

Reacquisition of Shares

During February 2012 by using cost model, record the journal entries for shares transactions:

Feb. 4 Purchased 20,000 Treasury Shares at Rp 1,200. The shares were issued at Jan. foe Rp

1,000

Feb. 8 Purchased another 20,000 Treasury Shares at Rp 1,300

Feb. 15 Resold 10,000 Treasury Shares at Rp 1,250

Feb. 25 Resold 15,000 Treasury Shares at Rp 1,100

Feb. 26 Purchased 15,000 Treasury Shares at Rp 1,350

Feb. 29 Retire 5,000 Treasury Shares which originally issued at market value Rp 1,000

Dividend Policy

At March 17,2014, Mario pay dividends:

1. 50,000,000 cash

2. 125,000,000 in property investment which have fair value Rp 120,000,000

3. 10% Ordinary Share dividend, fair value of the shares at the time is Rp 1,400

Equity Presentation

Anette had beginning Retained Earning Rp 500,000,000 and quarterly net income until the end of

March 31 is Rp 150,000,000. Calculate the March 31 retained earnings and prepare equity section

in balance sheet of March 31.

Additional Dividend Calculation

In 20x5 Clarissa is about to pay 50,000,000 cash dividend. Its outstanding Ordinary Shares have

total par value od Rp 100,000,000 and its 10% Preference Shares have total par value Rp

75,000,000 Calculate the dividend if:

The preference shares are not cumulative and non participating.

The preference shares are cumulative and non participating.

The preference shares are not cumulative and are fully participating.

The preference shares are cumulative and are fully participating.

The preferences are cumulative and are participating to 12% total.