PT Pasar has owned 70% of PT Swalayan for the past ten years, and at the time of purchase, the book value of Swalayan's assets and liabilities equaled the fair value. The cost of the 70% investment was equal to 70% of the book value of Swalayan's net assets. Presented below are several figures reported for PT Pasar and PT Swalayan as of December 31, 2019. Inventory |Sales Cost of Goods Sold Expenses PT Pasar Rp120,000,000 200,000,000 130,000,000 40,000,000 PT Swalayan Rp60,000,000 140,000,000 80,000,000 30,000,000 In 2018, Swalayan sold inventory to Pasar which had cost Rp40,000,000 for Rp60,000,000. Twenty- five percent (25%) of this inventory remained on hand at December 31, 2018, but was sold in 2019. In 2019, Swalayan sold inventory to Pasar which had cost Rp30,000,000 for Rp45,000,000. Forty percent (40%) of this inventory remained unsold at December 31, 2019. Required: Calculate following balances that appear in the consolidated statements of Pasar and subsidiary at the end of December 2019: a. Sales b. Cost of goods sold с. Еxpenses d. Noncontrolling interest share e. Inventory
PT Pasar has owned 70% of PT Swalayan for the past ten years, and at the time of purchase, the book value of Swalayan's assets and liabilities equaled the fair value. The cost of the 70% investment was equal to 70% of the book value of Swalayan's net assets. Presented below are several figures reported for PT Pasar and PT Swalayan as of December 31, 2019. Inventory |Sales Cost of Goods Sold Expenses PT Pasar Rp120,000,000 200,000,000 130,000,000 40,000,000 PT Swalayan Rp60,000,000 140,000,000 80,000,000 30,000,000 In 2018, Swalayan sold inventory to Pasar which had cost Rp40,000,000 for Rp60,000,000. Twenty- five percent (25%) of this inventory remained on hand at December 31, 2018, but was sold in 2019. In 2019, Swalayan sold inventory to Pasar which had cost Rp30,000,000 for Rp45,000,000. Forty percent (40%) of this inventory remained unsold at December 31, 2019. Required: Calculate following balances that appear in the consolidated statements of Pasar and subsidiary at the end of December 2019: a. Sales b. Cost of goods sold с. Еxpenses d. Noncontrolling interest share e. Inventory
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:PT Pasar has owned 70% of PT Swalayan for the past ten years, and at the time of purchase, the book
value of Swalayan's assets and liabilities equaled the fair value. The cost of the 70% investment was
equal to 70% of the book value of Swalayan's net assets.
Presented below are several figures reported for PT Pasar and PT Swalayan as of December 31, 2019.
Inventory
Sales
Cost of Goods Sold
Expenses
PT Pasar
Rp120,000,000
200,000,000
130,000,000
40,000,000
PT Swalayan
Rp60,000,000
140,000,000
80,000,000
30,000,000
In 2018, Swalayan sold inventory to Pasar which had cost Rp40,000,000 for Rp60,000,000. Twenty-
five percent (25%) of this inventory remained on hand at December 31, 2018, but was sold in 2019. In
2019, Swalayan sold inventory to Pasar which had cost Rp30,000,000 for Rp45,000,000. Forty
percent (40%) of this inventory remained unsold at December 31, 2019.
Reguired:
Calculate following balances that appear in the consolidated statements of Pasar and subsidiary at the
end of December 2019:
a. Sales
b. Cost of goods sold
с. Еxpenses
d. Noncontrolling interest share
e. Inventory
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