GSLC Forum Information
Course ID : ACCT6083
Course Name : Advanced Accounting
Teaching Week : 13 – Session 2 GSLC
Date of Class :
Date of Latest Respond :
Book Reference : Debra C. Jeter, Paul K. Chaney. (2015). Advanced Accounting.
th
6 Edition. Wiley. New Jersey.
Dear class, berikut latihan soal yang bisa kalian kerjakan untuk sesi GSLC di minggu ke-13 ini
sebagai wrap-up seluruh materi pelajaran kita setelah UTS. Mulai dari Chapter 9, 8, 10, 12,
dan 13 untuk materi ujian akhir semester. Selamat mengerjakan!
Exercise 1. Chapter 9 - Intercompany Bond Holdings and Miscellaneous Topics
Prezo Company purchased 80% of Satz Company’s common stock for $880,000 on January
2, 2009. Condensed financial information for Prezo Company and Satz Company is given
below.
https://www.coursehero.com/file/92559798/Soal-GSLC-13-Advanced-Accountingpdf/
, On July 1, 2009, Prezo Company purchased 60% of Satz Company’s bonds for $225,000. The
bonds mature on December 31, 2012. Interest of 10% per annum is paid on June 30 and
December 31 each year. Both companies use the straight-line method to amortize bond dis-
counts and premiums.
Required:
a. Compute the gain or loss on the constructive retirement of the bonds allocated to
each of the affiliated companies.
b. Prepare a consolidated financial statements workpaper on December 31, 2009.
c. Prepare in good form a schedule showing the calculation of consolidated net income
for the year ended December 31, 2009.
Exercise 2. Chapter 8 - Changes in Ownership Interest
The accounts of Pyle Company and its subsidiary, Stern Company, are summarized below as
of December 31, 2011:
https://www.coursehero.com/file/92559798/Soal-GSLC-13-Advanced-Accountingpdf/
Course ID : ACCT6083
Course Name : Advanced Accounting
Teaching Week : 13 – Session 2 GSLC
Date of Class :
Date of Latest Respond :
Book Reference : Debra C. Jeter, Paul K. Chaney. (2015). Advanced Accounting.
th
6 Edition. Wiley. New Jersey.
Dear class, berikut latihan soal yang bisa kalian kerjakan untuk sesi GSLC di minggu ke-13 ini
sebagai wrap-up seluruh materi pelajaran kita setelah UTS. Mulai dari Chapter 9, 8, 10, 12,
dan 13 untuk materi ujian akhir semester. Selamat mengerjakan!
Exercise 1. Chapter 9 - Intercompany Bond Holdings and Miscellaneous Topics
Prezo Company purchased 80% of Satz Company’s common stock for $880,000 on January
2, 2009. Condensed financial information for Prezo Company and Satz Company is given
below.
https://www.coursehero.com/file/92559798/Soal-GSLC-13-Advanced-Accountingpdf/
, On July 1, 2009, Prezo Company purchased 60% of Satz Company’s bonds for $225,000. The
bonds mature on December 31, 2012. Interest of 10% per annum is paid on June 30 and
December 31 each year. Both companies use the straight-line method to amortize bond dis-
counts and premiums.
Required:
a. Compute the gain or loss on the constructive retirement of the bonds allocated to
each of the affiliated companies.
b. Prepare a consolidated financial statements workpaper on December 31, 2009.
c. Prepare in good form a schedule showing the calculation of consolidated net income
for the year ended December 31, 2009.
Exercise 2. Chapter 8 - Changes in Ownership Interest
The accounts of Pyle Company and its subsidiary, Stern Company, are summarized below as
of December 31, 2011:
https://www.coursehero.com/file/92559798/Soal-GSLC-13-Advanced-Accountingpdf/
