Soal TM 2 Pertemuan 20
Soal-soal
Investment
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Petunjuk Pengerjaan Tugas Mandiri
Soal Tugas Mandiri (TM) dikerjakan secara berkelompok,
di tulis tangan pada kertas double folio dengan
rapi.Kelompok terdiri atas maksimal 3 orang anggota.
Dikumpulkan pada awal kuliah minggu/pertemuan
berikutnya.
Jawaban Soal TM yang sama, oleh mahasiswa secara
perorangan (individual) harus di “up load” pada forum
diskusi di binusmaya (LMS), pada kolom tugas. Up load
haryus sudah dilakukan paling lambat 7 hari setelah
pertemuan yang dimaksudkan.
Bila anda mengerjakan salah satunya saja atau tidak
keduanya maka anda dianggap tidak mengumpulkan TM
pada pertemuan yang dimaksudkan.
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SOAL TUGAS MANDIRI 20
P17-3A
On December 31, 2005, Carlin Associates owned the following securities, held as long term investmets.
Common Stock
Shares
Cost
Ace Co.
2,000
$ 50,000
Burns Co.
6,000
36,000
Cruz Co.
1,200
24,000
On this data, the total fair value of the securitie s was equal to its cast. The securities are not held for
influence or control over the investment. In 2006, the following transactions occurred.
July
Aug.
Sep.
1
1
1
Oct.
1
Nov.
Dec.
1
15
31
Received $1 per share semiannual cash dividend on Burns Co. common stock.
Received $0,50 per share cash dividend on Ace Co. common stock.
Sold 2,000 shares of Burns Co. common stock for cash at $7 per share, less
rokerage fees of $300.
Sold 600 shares of Ace Co. common stock for cash at $28 per share, less
rokerage fees of $600.
Received $1 per share cash dividend on Cruz Co. common stock.
Received $0,50 per share cash dividend on Ace Co. common stock.
Received $1 per share semiannual cash dividend on Burns Co. common stock.
At December 31, the fair values per share of the common stock were: Ace Co. $24, Burns Co. $6,
and Cruz Co. $ 19.
Instructions
a. Journalize the 2006 transactions and post to the account Stock Investment. (Use the T-account
form.)
b. Prepare the adjusting entry at December 31, 2006, to sho w the securities at fair value. The stock
should be clasified as available -for-sale securities.
c. Show the balance sheet presentation of the investment at December 31, 2006. At this date,
Carlin Associates has common stock $2,000,000 and retained earnings $1,200,000.
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SOAL TUGAS MANDIRI 20
P 17-2B
In January, the management of Match Company concludes that it has sufficient cash to
permit some short-term investments in debt and stock securities. During the year, the following
trnasactions occurred.
Feb.
1
Purchased 600 shares of Loder common stock for $31,800, plus brokerage fees of
$600.
Mar.
1
Purchased 800 shares of Greer common stock for $20,000, plus brokerage fees of
$400.
Apr.
1
Purchased 50 $1,000, 8% Roy bonds for $50,000, plus brokerage fees. Interest is
payable semiannually on April 1 and October 1.
July
1
Received a cash dividend of $0.50 per share on the Loder common stock.
Aug.
1
Sold 200 shares of Loder common stock at $57 per share less brokerage fees of
$200.
Sep.
1
Received a $1 per share cash dividend on the Greer common stock.
Oct.
1
Received the semiannual interest on the Roy bonds.
Oct.
1
Sold the Roy bonds for $49,000 les $1,000 brokerage fees.
At December 31, the fair value of the Loder common stock was $55 per share. The fair value of the
Greer common stock was $23 per share.
Instructions
a. Journalize the transactions and post to the accounts Debt Investment and Stock Investments.
(Use the T-account form)
b. Prepare the adjusting entry at December 31, 2005, to report the investment securities at fair
value. All securities are considered to be trading securities.
c. Show the balance sheet presentation of investment securities at December 31, 2005.
d. Identify the income statement accounts and give the statement classification of each accou nt.
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SOAL TUGAS MANDIRI 20
P 17-6B
The following data, presented in alphabetical order, are taken from the records of
Lafever Corporation.
Accounts payable
$
210,000
Accounts receivable
140,000
Accumulated depreciation –building
180,000
Accumulated depreciation –equipment
52,000
Allowance for doubtfull accounts
6,000
Bonds payable (10%, due 2016)
500,000
Buildings
950,000
Cash
42,000
Common stock ($10 par value; 500,000 shares authorized,
150,000 shares issued)
1,500,000
Dividends payable
80,000
Equipment
275,000
Goodwill
200,000
Income taxes payable
120,000
Investment in Dodge common stock (10% ownership), at cost
278,000
Investment in Portico common stock (30% ownership), at equity
380,000
Land
430,000
Market adjustment –available-for-sale securities (Dr)
8,000
Merchandise inventory
170,000
Notes payable (due 2006)
70,000
Paid-in capital in excess of par value
200,000
Premium on bonds payable
40,000
Prepaid insurance
16,000
Retained earnings
103,000
Short-term stock investment, at fai r value (and cost)
180,000
Unrealized gain –available-for-sale securities.
80,000
The investment in Dodge common stock is considered to be a long -term available-for-sale security.
Instructions
Prepare a balance sheet at December 31, 2005
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