Preview

LATIHAN SOAL EKUITAS DAN INVESTMENT

Satisfactory Essays
Open Document
Open Document
294 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
LATIHAN SOAL EKUITAS DAN INVESTMENT
PROBLEM 3_EQUITY (25%)
PT Sekar has the following capital structure at January 1, 2012:

Share capital—preference 6%, Rp5.000 par value, 200.000 shares authorized, 60.000 shares issued and outstanding
Rp 300.000.000
Share capital—ordinary, Rp1.000 par value, 1.000.000 shares authorized, 400.000 shares issued and outstanding
400.000.000
Share premium—ordinary
150.000.000
Retained earnings
500.000.000
Total equity
Rp 1.350.000.000

The following events occurred during 2012:
Feb. 10 A total of 100.000 shares of authorized and unissued ordinary shares were sold for Rp1.200 per share.
Apr. 15 A total cash dividend of Rp65.000.000 was declared, payable May 5 to shareholders of record on April 25. (Note: Record dividends payable on ordinary and preference shares in separate accounts.)
June 20 Purchased 40.000 ordinary shares as treasury shares at Rp1.200 per share.
Aug. 15 Sold 10.000 shares of treasury shares at Rp1.300 per share.
Nov. 1 A 10% ordinary share dividend was declared and issued. The fair value of the ordinary shares was Rp1.300 per share.
Dec. 1 A two-for-one split was carried out for ordinary shares. The par value of the shares was to be reduced to Rp500 per share.
Dec. 31 PT Sekar declared the net income for the year was Rp200.000.000 (Note: Record the closing entry).
Dec. 31 Board of directors appropriated (mencadangkan) Rp100.000.000 of retained earnings for plant expansion. Instructions:
1. Prepare the journal entries required for transaction during 2012. (15%)
2. Construct the equity section on Statement of Financial Position at December 31, 2012. (10%)

PROBLEM 4_BONDS

PART A_INVESTMENT IN BONDS (15%)
Michael Angelo Company invested on a 5-year, $25,000 bond with a 5% coupon rate and a 4% market rate. The bonds were purchased on December 31, 2011 for $26,113. Interest is received annually starting December 31, 2012.

Additional data related to bonds’s fair value at year-end:

Date Fair Value
31-Des-12
$25.500
31-Des-13
26.500
31-Des-14

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Sloboat Case Study

    • 746 Words
    • 3 Pages

    * Common dividend of $0.15 per common share on December 1, 2011 with date of record of December 5th and distribution on December 20th…

    • 746 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Mat 540 Quiz

    • 649 Words
    • 3 Pages

    | During the year, 10,000 shares of common stock with a stated value of $20 a share were issued for $41 a share.410,000…

    • 649 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    On October 31, the stockholders’ equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share.…

    • 729 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Lee Corp

    • 294 Words
    • 2 Pages

    4. Prepare a Statement of Changes in Stockholders Equity for the year ended December 31,…

    • 294 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The aforementioned account balances relate to the stockholder’s equity accounts of Patil Corporation at the end of the year.…

    • 1482 Words
    • 12 Pages
    Good Essays
  • Satisfactory Essays

    On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share.…

    • 688 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    ACC 423 Final Exam

    • 2088 Words
    • 9 Pages

    Woolford Inc. declared a cash dividend of $1.37 par share on its 2.49 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare the journal entries necessary on those three dates. ( If no entry is required , enter no entry as the description and 0 as the amount)…

    • 2088 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    Assignment 3 Investments

    • 557 Words
    • 3 Pages

    A stock split does not affect the accounts in the balance sheet. However, shares outstanding and par value per share will change. The new stock price will be $20 per share ($60 / 3) Construct a new balance sheet showing the effects of a 10 percent stock dividend. What will be the approximate new price of the stock? Assets $ 30,000,000…

    • 557 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Finance and Par Value

    • 2436 Words
    • 10 Pages

    b. A new common stock issue that paid a $1.81 dividend last year. The firm’s dividends are expected to continue to grow at 7.2% per year forever. The price of the firm’s common stock is now $27.28…

    • 2436 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    ACC 423 Final Exam

    • 1588 Words
    • 7 Pages

    Question 3: Woolford Inc. declared a cash dividend of $1.38 per share on its 2.22 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare the journal entries necessary on those three dates.…

    • 1588 Words
    • 7 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Hurst Company Case Study

    • 653 Words
    • 3 Pages

    On December 31, 2008, Ramey Associates owned the following securities, held as a long-term investment. The securities are not held for influence or control of the investee.…

    • 653 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Jimmy Fu and Moog, Inc

    • 660 Words
    • 3 Pages

    Although the stock split increases the number of shares outstanding and the par value stays the same, it will not change the value of stockholder’s equity. The number of shares authorized and issued would remain the same.…

    • 660 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    market value of these shares was £1.10 on 31 May 2010. On 1 June 2010,…

    • 1370 Words
    • 12 Pages
    Satisfactory Essays
  • Powerful Essays

    Kiriazi memo

    • 4842 Words
    • 34 Pages

    KIRIAZI Company for Engineering Industries is an Egyptian joint stock company incorporated in 1996 according to law no. 230 for the year 1989, which was replaced by law no. 8 for year 1997. The company is registered under no. 295403 on 9th of May, 1996.…

    • 4842 Words
    • 34 Pages
    Powerful Essays
  • Satisfactory Essays

    The Project envisages for setting up an Automatic Rice production plant on an area of land measuring…

    • 4549 Words
    • 120 Pages
    Satisfactory Essays