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
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