lOMoAR cPSD| 9260634
Advanced Accounting Dayag Solution Manual
l l l l
Accountancy (Bicol University)
l l
StuDoculislnotlsponsoredlorlendorsedlbylanylcollegelorluniversity
DownloadedlbylAlessandralBlaisel()
, lOMoAR cPSD| 9260634
AdvalncleldlAclclountingl Solutionl MalnualllAnto
niol J.l Dalyalg
Chalptelrl1
Prolblelml I
Relquirelme lntl 1:l Assumingl thaltl Al alndl Blalglrelel thaltl elalclhl plalrtnelrlisl tol relclelivel al clalplitalllclreldlitl elqluallltolthel alglreleldl
valluelslolflthel neltlalsseltslelalclhlplalrtnelrlinvelsteldl:
Tol relclolrdl aldjustmelnts:l nolthingl tol aldljustlsinclel blolthl olflthelml halvel nol seltlolflblololks.
Tol cllosel thel books:l nolthingl tol cllolsel sinclel blolthl olflthelml halvel nol seltlolflblololks.
Tol relclolrdl invelstmelnts:
Palrtnelrshipl blololks:
Cash………………………………………………………………………………. 120,000
Invelllllllll ntolllllll ry…………………………………………………………………………. 120,000
Eqlllll uipllll me lllll nt……………………………………………………………………….. 240,000
A,lllll cllll ap l l itall l………………………………………………………………... 480,000
Initialllinvelstmelnt.
Cash……………………………………………………………………………….. 120,000
Lalnd……………………………………………………………………………….. 240,000
Buildingl……………………………………………………………………………. 480,000
Mol rtgl ag l elll pay ab l lel ……………………………………………………. 240,000
B,lllll cllll ap l l itall l……………………………………………………………….. 600,000
Initialllinvelstmelnt.
Relquirelme lntl2:l Assumingl thaltlAl alndl Blalglrelel thaltlelalclhl plalrtnelrlisltol relclelivel alnl elqlualllclalplitalllintelrelst.
Tol relclolrdl aldjustmelnts:l nolthingl tol aldljustlsinclel blolthl olflthelml halvel nol seltlolflblololks.
Tol cllosel thel books:l nolthingl tol cllolsel sinclel blolthl olflthelml halvel nol seltlolflblololks.
Tol relclolrdl invelstmelnts:
Palrtnelrshipl blololks:
Bonusl Approlalclh:
Cash…………………………………………………………………………… 120,000
Invellllllll ntolllllll ry……………………………………………………………………… 120,000
Eqllll uipllll me lllll nt……………………………………………………………………. 240,000
A,lllll cllll ap l l itall l…………………………………………………………….. 480,000
DownloadedlbylAlessandralBlaisel()
, lOMoAR cPSD| 9260634
Cash ........................................................................................... 120,000
Lalnd ............................................................................................................ 240,000
Building .................................................................................................. 480,000
Mol rtglag lelll p ay ab llel …………………………………………………
240,000l
B,lll clll ap l ital l.……………………………………………………….…… 600,000
B,l claplitall............................................................................................................ 60,000
A,llll clll ap l ital l……………………………………………………………… 60,000
Toltalllalglreleldl clalplitalll(P480,000l +l P600,000) ........... Pl 1,080,000
Multipllieldl bly:lCalplitalllintelrelstl(elqluall)l ....................... l 1/l2
Palrtnelr’lslindlividlu alllclalplitalllintelrelstl ........................... Pl540,000
Lelss:lA’lslclalplitalllintelrelst ............................................... 480,000
Bol nusl tolll A…….……………………………………..Pllllll 60,000
Relvallualtionl (Goodwill)l Approlalclh:
Cash ........................................................................................... 120,000
Invelntolry......................................................................................................... 120,000
Eqluiplmelnt ................................................................................................. 240,000
A,llllclllap l ital l…………………………………………………………….. 480,000
Cash ........................................................................................... 120,000
Lalnd ............................................................................................................ 240,000
Building .................................................................................................. 480,000
Mol rtglag lelll p ay ab llel …………………………………………………
240,000l
B,lll clll ap l ital l.……………………………………………………….…… 600,000
Asseltsl(olrlglololdwilllolrlintalnglibllell asselt) ........................................................... 120,000
A,llll clll ap l itall l…………………..……………………………………….. 120,000
DownloadedlbylAlessandralBlaisel()
, lOMoAR cPSD| 9260634
Toltal lag lreleldl cl ap litalll(P600,000l /l1/2)………..….
P1,200,000l
Lelss:l Tolt al lclolntribluteldl clap litall
(P480,000l +l Pl600,000) ....................................................1,080,000
Go l ol dwilll tollll A……………..…………………………. Pl 120,000
Prolblelml II
Invelsteld Invelsteld Invelsteld
Aglreleldl FalirlValluels lll blyl Jolhn b y Jelff
lllll l l lll blyl Jalne
Ca lsh P100,000 -l -l - -l -l -
l
Eqluiplmelnt Pl 110,000 l -l -l -
Toltalllalsselts 100,000 Pl 110,000 0
Noltel plalyalbllel alssumeldl blylplalrtnelrship l -l -l -l 30,000
lllll l -l -l -
Neltlalsseltslinvelsteld P100,000 P 80,000 P 0
1.l Bonusl Melthod 2.l GloodwilllMelthodl (Relvallualtionl of lAsselt)
Ca lsh 100,000
Ca lsh 100,000 Eqluiplmelnt 110,000
Eqluiplmelnt 110,000 Glololdlwill 90,000
Noltel Palyalblle 30,000 Noltel Palyalblle 30,000
Jolhn,l Ca lplitall 60,000 Jolhn,l Ca lplitall 90,000
Jelff,lCalplitall 60,000 Jelff,lCalplitall 90,000
Jalnel,lCalplitall 60,000 Jalnel,lCalplitall 90,000
2.lThelblolnuslmeltholdlisluseldlwhelnlJolhnlalndlJelfflrelclolglnizelthaltlJalnelislblringlinglsolmelthinglolflvallueltolthel firml ol
thelrlthalnlal talnglibllel alsselt,lblutlthelyldlol noltlwalntltol relclolglnizel alnlintalnglibllel alsselt.l Tolelqluallizel thel clalpitalll al
clclolunts,l P40,000l isl tralnsfelrreldl frolml Jolhn'sl clalplitalll alclcloluntl alndl P20,000l isltralnsfelrreldl frolml Jelff'slclalplitalllalcl
clolunt.
Thelglololdlwilllmeltholdl isl useldl whelnl thel plalrtnelrsl relclolglnizel thel intalnglibllel nalturel olfl thel skillsl Jalnel islblringlingl t
ol thel plalrtnelrshipl.l Holwe lve lr,ll thelllclalplitallllalclcloluntsll alrelllelqlua llizeldll blyll relclolglnizingll alnlintalnglibllel alsseltl alndlal clolr
relsplolndlingl inclrelalsel inl thel clalplitalll alclcloluntsl olfl thel plalrtnelrs.l Unlelssl the
DownloadedlbylAlessandralBlaisel()
Advanced Accounting Dayag Solution Manual
l l l l
Accountancy (Bicol University)
l l
StuDoculislnotlsponsoredlorlendorsedlbylanylcollegelorluniversity
DownloadedlbylAlessandralBlaisel()
, lOMoAR cPSD| 9260634
AdvalncleldlAclclountingl Solutionl MalnualllAnto
niol J.l Dalyalg
Chalptelrl1
Prolblelml I
Relquirelme lntl 1:l Assumingl thaltl Al alndl Blalglrelel thaltl elalclhl plalrtnelrlisl tol relclelivel al clalplitalllclreldlitl elqluallltolthel alglreleldl
valluelslolflthel neltlalsseltslelalclhlplalrtnelrlinvelsteldl:
Tol relclolrdl aldjustmelnts:l nolthingl tol aldljustlsinclel blolthl olflthelml halvel nol seltlolflblololks.
Tol cllosel thel books:l nolthingl tol cllolsel sinclel blolthl olflthelml halvel nol seltlolflblololks.
Tol relclolrdl invelstmelnts:
Palrtnelrshipl blololks:
Cash………………………………………………………………………………. 120,000
Invelllllllll ntolllllll ry…………………………………………………………………………. 120,000
Eqlllll uipllll me lllll nt……………………………………………………………………….. 240,000
A,lllll cllll ap l l itall l………………………………………………………………... 480,000
Initialllinvelstmelnt.
Cash……………………………………………………………………………….. 120,000
Lalnd……………………………………………………………………………….. 240,000
Buildingl……………………………………………………………………………. 480,000
Mol rtgl ag l elll pay ab l lel ……………………………………………………. 240,000
B,lllll cllll ap l l itall l……………………………………………………………….. 600,000
Initialllinvelstmelnt.
Relquirelme lntl2:l Assumingl thaltlAl alndl Blalglrelel thaltlelalclhl plalrtnelrlisltol relclelivel alnl elqlualllclalplitalllintelrelst.
Tol relclolrdl aldjustmelnts:l nolthingl tol aldljustlsinclel blolthl olflthelml halvel nol seltlolflblololks.
Tol cllosel thel books:l nolthingl tol cllolsel sinclel blolthl olflthelml halvel nol seltlolflblololks.
Tol relclolrdl invelstmelnts:
Palrtnelrshipl blololks:
Bonusl Approlalclh:
Cash…………………………………………………………………………… 120,000
Invellllllll ntolllllll ry……………………………………………………………………… 120,000
Eqllll uipllll me lllll nt……………………………………………………………………. 240,000
A,lllll cllll ap l l itall l…………………………………………………………….. 480,000
DownloadedlbylAlessandralBlaisel()
, lOMoAR cPSD| 9260634
Cash ........................................................................................... 120,000
Lalnd ............................................................................................................ 240,000
Building .................................................................................................. 480,000
Mol rtglag lelll p ay ab llel …………………………………………………
240,000l
B,lll clll ap l ital l.……………………………………………………….…… 600,000
B,l claplitall............................................................................................................ 60,000
A,llll clll ap l ital l……………………………………………………………… 60,000
Toltalllalglreleldl clalplitalll(P480,000l +l P600,000) ........... Pl 1,080,000
Multipllieldl bly:lCalplitalllintelrelstl(elqluall)l ....................... l 1/l2
Palrtnelr’lslindlividlu alllclalplitalllintelrelstl ........................... Pl540,000
Lelss:lA’lslclalplitalllintelrelst ............................................... 480,000
Bol nusl tolll A…….……………………………………..Pllllll 60,000
Relvallualtionl (Goodwill)l Approlalclh:
Cash ........................................................................................... 120,000
Invelntolry......................................................................................................... 120,000
Eqluiplmelnt ................................................................................................. 240,000
A,llllclllap l ital l…………………………………………………………….. 480,000
Cash ........................................................................................... 120,000
Lalnd ............................................................................................................ 240,000
Building .................................................................................................. 480,000
Mol rtglag lelll p ay ab llel …………………………………………………
240,000l
B,lll clll ap l ital l.……………………………………………………….…… 600,000
Asseltsl(olrlglololdwilllolrlintalnglibllell asselt) ........................................................... 120,000
A,llll clll ap l itall l…………………..……………………………………….. 120,000
DownloadedlbylAlessandralBlaisel()
, lOMoAR cPSD| 9260634
Toltal lag lreleldl cl ap litalll(P600,000l /l1/2)………..….
P1,200,000l
Lelss:l Tolt al lclolntribluteldl clap litall
(P480,000l +l Pl600,000) ....................................................1,080,000
Go l ol dwilll tollll A……………..…………………………. Pl 120,000
Prolblelml II
Invelsteld Invelsteld Invelsteld
Aglreleldl FalirlValluels lll blyl Jolhn b y Jelff
lllll l l lll blyl Jalne
Ca lsh P100,000 -l -l - -l -l -
l
Eqluiplmelnt Pl 110,000 l -l -l -
Toltalllalsselts 100,000 Pl 110,000 0
Noltel plalyalbllel alssumeldl blylplalrtnelrship l -l -l -l 30,000
lllll l -l -l -
Neltlalsseltslinvelsteld P100,000 P 80,000 P 0
1.l Bonusl Melthod 2.l GloodwilllMelthodl (Relvallualtionl of lAsselt)
Ca lsh 100,000
Ca lsh 100,000 Eqluiplmelnt 110,000
Eqluiplmelnt 110,000 Glololdlwill 90,000
Noltel Palyalblle 30,000 Noltel Palyalblle 30,000
Jolhn,l Ca lplitall 60,000 Jolhn,l Ca lplitall 90,000
Jelff,lCalplitall 60,000 Jelff,lCalplitall 90,000
Jalnel,lCalplitall 60,000 Jalnel,lCalplitall 90,000
2.lThelblolnuslmeltholdlisluseldlwhelnlJolhnlalndlJelfflrelclolglnizelthaltlJalnelislblringlinglsolmelthinglolflvallueltolthel firml ol
thelrlthalnlal talnglibllel alsselt,lblutlthelyldlol noltlwalntltol relclolglnizel alnlintalnglibllel alsselt.l Tolelqluallizel thel clalpitalll al
clclolunts,l P40,000l isl tralnsfelrreldl frolml Jolhn'sl clalplitalll alclcloluntl alndl P20,000l isltralnsfelrreldl frolml Jelff'slclalplitalllalcl
clolunt.
Thelglololdlwilllmeltholdl isl useldl whelnl thel plalrtnelrsl relclolglnizel thel intalnglibllel nalturel olfl thel skillsl Jalnel islblringlingl t
ol thel plalrtnelrshipl.l Holwe lve lr,ll thelllclalplitallllalclcloluntsll alrelllelqlua llizeldll blyll relclolglnizingll alnlintalnglibllel alsseltl alndlal clolr
relsplolndlingl inclrelalsel inl thel clalplitalll alclcloluntsl olfl thel plalrtnelrs.l Unlelssl the
DownloadedlbylAlessandralBlaisel()
