war22ech12 accounting partnership revisi
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Adeng Pustikaningsih, M.Si.
Dosen Jurusan Pendidikan Akuntansi Fakultas Ekonomi
Universitas Negeri Yogyakarta
(2)
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Accounting for
Partnerships
(3)
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1.
Describe the basic characteristics of
proprietorships, partnerships, and
limited liability companies.
2.
Describe and illustrate the accounting
for forming a partnership and for
dividing the net income and net loss
of a partnership.
After studying this chapter, you should
be able to:
(4)
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3.
Describe and illustrate the accounting
for partner admission and withdrawal.
4.
Describe and illustrate the accounting
for liquidating a partnership.
After studying this chapter, you should
be able to:
(5)
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Describe the basic
characteristics of
proprietorships,
partnerships, and limited
liability companies.
Objective 1
(6)
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Advantages
• Simple to form
• Ability to be one’s own
Disadvantages
• Difficulty in raising
large amounts of capital
12-1
A
proprietorship
is a business
enterprise owned by a single individual.
(7)
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A
partnership
is an association of
two or more individuals who own
and manage a business for profit.
Advantages
• More financial resources than a proprietorship • Additional
management skills
Disadvantages
• Limited life
• Unlimited liability
• Co-ownership of
partnership property
• Mutual agency
12-1
(8)
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An important right of partners is to
participate in the income of the
partnership.
12-1
A partnership, like a proprietorship, is a
nontaxable entity.
(9)
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In Indonesia, Limited Partnership is called CV
(Commonditaire vennootschap). CV is a
partnership consisting of one or more (active
partner) and one or more silent partner (or
passive partner). Example = CV Cemara
Group Indonesia in Medan that sells palm oil,
coconut, and spices.
(10)
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Firma is another common form of partnership
in Indonesia. Firma or abbreviated as Fa is
widely used for professional firm such as law
firm or accounting firm. The example of a
accounting firm is KAP Purwantono, Sarwoko
(11)
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Ease of Formation
Proprietorship
Simple
Partnership
Moderate
CV and Firma
Moderate
Characteristics of
Proprietorships, Partnerships, and CV and firma
12-1
(12)
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12-1Legal Liability
Proprietorship
No limitation
Partnership
No limitation
Characteristics of
Proprietorships, Partnerships, CV and Firma
(13)
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12-1Taxation
Proprietorship
Nontaxable*
Partnership
Nontaxable*
CV and Firma
Nontaxable**
*Pass-through entity
**Pass-through entity by election
Characteristics of
Proprietorships, Partnerships, CV and Firma
(14)
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12-1Limitation on Life of Entity
Proprietorship
Yes
Partnership
Yes
Characteristics of
Proprietorships, Partnerships, CV and Firma
(15)
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12-1Access to Capital
Proprietorship
Limited
Partnership
Limited
CV and Firma
Limited
Characteristics of
Proprietorships, Partnerships, CV and Firma
(16)
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Describe and illustrate the
accounting for forming a
partnership and for dividing
Objective 2
(17)
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Forming a Partnership 12-2
Joko Suhendro and Endang Fauzi agree to combine their hardware businesses in a partnership. Each is to contribute certain
amounts of cash and other assets. They also agree that the partnership is to assume
(18)
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Joko’ Transfer of Assets, Liability, and Equity
12-2
Apr. 1 Cash 7 200 000
Accounts Receivable 16 300 000 Merchandise Inventory 28 700 000
Store Equipment 5 400 000
(19)
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A similar entry would record the assets contributed and the liabilities
transferred by Fauzi. In each entry, the noncash assets are recorded at values
agreed upon by the partners. These values normally represent current
market values.
(20)
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Example Exercise 12-1
Riana Hasibuan contributed equipment, inventory, and
Rp34,000,000 cash to a partnership. The equipment had a book value of Rp23,000,000 and market value of
Rp29,000,000. The inventory had a book value of Rp60,000,000 but only had a market value of
(21)
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Follow My Example 12-1
Cash 34,000,000
Inventory 15,000,000
Equipment 29,000,000
Notes Payable 12,000,000
(22)
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The partnership agreement of Jamila Sari and Chandra Mono provides for Sari to receive a
monthly allowance of Rp 5,000,000 (Rp 60,000,000 annually) and Mono is to receive
Rp 4,000,000 a month (Rp 48,000,000 annually). If there is any remaining net
Dividing Income—Services of Partners
(23)
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J. Sari C. Mono TotalAnnual salary allowance Rp 60,000,000 Rp48,000,000 Rp 108,000,000 Remaining income 21,000,000 21,000,000 42,000,000 Division of net income Rp 81,000,000 Rp69,000,000 Rp 150,000,000
12-2
Division of Net Income
to journal entry
(24)
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12-2The entry for dividing net income is as follows:
Dec. 31 Income Summary 150 000 000
Jamila Sari, Capital 81 000 000 Chandra Mono, Capital 69 000 000
(25)
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12-2Dividing Income—Services of Partners and Investments
The partnership agreement for Sari and Mono divides income as follows:
1. Monthly salary allowance of Rp 5,000,000 for Stone and Rp 4,000,000 for Mills.
2. Interest of 12% on each partner’s capital balance on January 1.
3. If there is any remaining net income, it is to be divided equally between the partners.
(26)
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Division of Net Income
Salary allowance Rp60,000,000 Rp48,000,000 Rp108,000,000 Interest allowance 19,200,000 14,400,000 33,600,000
12-2
Net income of Rp 150,000,000 is divided.
(27)
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Division of Net Income
Salary allowance Rp 60,000,000 Rp 48,000,000 Rp108,000,000 Interest allowance 19,200,000 14,400,000 33,600,000
12-2
12% x Sari’s
capital account balance on Jan. 1 of
Rp 160,000,000
J. Sari C. Mills Total
(28)
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Division of Net Income
J. Sari C. Mono Total
Salary allowance Rp 60,000,000 Rp 48,000,000 Rp 108,000,000 Interest allowance 19,200,000 14,400,000 33,600,000
12-2
(29)
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Division of Net Income 12-2
J. Sari C. Mono Total Salary allowance Rp 60,000,000 Rp48,000,000 Rp108,000,000 Interest allowance 19,200,000 14,400,000 33,600,000 Remaining income 4,200,000 4,200,000 8,400,000 Division of net income Rp 83,400,000 Rp66,600,000 Rp150,000,000
(30)
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12-2The entry for dividing net income is as follows:
Dec. 31 Income Summary 150 000 00
Jamila Sari, Capital 83 400 00 Chandra Mono, Capital 66 600 00
(31)
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12-2The entry for dividing net income is as follows:
Dec. 31 Income Summary 150 000 00
Jamila Sari, Member Equity 83 400 00 Chandra Mono, Member Equity 66 600 00
(32)
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Assume the same facts as
before except that the net
income is only
12-2
Dividing Income—Allowances Exceed Net Income
(33)
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12-2Division of Net Income
J. Sari C. Mono Total
Salary allowance Rp60,000,000 Rp48,000,000 Rp108,000,000 Interest allowance 19,200,000 14,400,000 33,600,000 Total Rp79,200,000 Rp62,400,000 Rp141,600,000
Net income of Rp100,000,000 is divided.
This amount exceeds net income by
(34)
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12-2Division of Net Income
J.Sari C. Mono Total
Salary allowance Rp60,000,000 Rp48,000,000 Rp108,000,000 Interest allowance 19,200,000 14,400,000 33,600,000 Total Rp79,200,000 Rp62,400,000 Rp141,600,000 Deduct excess of
Net income of Rp100,000,000 is divided.
(35)
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Example Exercise 12-2
Steven Pamungkas and Cinta Bimantara formed a partnership, dividing income as follows:
1. Annual salary allowance to Prince of Rp42,000,000. 2. Interest of 9% on each partner’s capital balance on
January 1.
3. Any remaining net income divided equally. Pamungkas and Bimantara had Rp20,000,000 and Rp150,000,000 in their January 1 capital balances,
respectively. Net income for the year was Rp240,000,000. How much net income should be distributed to Pamungkas?
(36)
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Follow My Example 12-2
Monthly salary Rp 42,000,000 Interest (9% x Rp20,000,000) 1,800,000
Remaining income 91,350,000*
(37)
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Describe and illustrate
the accounting for
partner admission
and withdrawal.
Objective 3
(38)
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1. Purchasing an interest from one or more of the current partners.
A person may be admitted to a partnership only with the consent of all the current
partners by:
12-3
(39)
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Partners Toni Asikin and Nani Bunga
have capital balances of
Rp50,000,000 each. On June 1, each
sells one-fifth of his equity to Joko
Cahyadi for Rp10,000,000 in cash.
12-3
Purchasing an Interest in a Partnership
(40)
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12-3The only entry required in the partnership accounts is as follows:
June 1 Toni Asikin, Capital 10 000 000 Nani Bunga, Capital 10 000 000
(41)
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12-3The effect of the transaction on the partnership accounts is presented in the following diagram:
Partnership Accounts
Asikin, Capital 10,000,000
Bunga, Capital 10,000,000
50,000,000
50,000,000
Cahyadi, Capital
(42)
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12-3Contributing Assets to a Partnership
Partners Dudi Lintang and Guntur Margono have capital balances of
Rp35,000,000 and Rp25,000,000 respectively. On June 1, Suci Nadera
(43)
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12-3June 1 Cash 20 000 000
Suci Nadera, Capital 20 000 000
(44)
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12-3The effect of the transaction on the partnership accounts is presented in the following diagram:
Partnership Accounts
Lintang, Capital
35,000,000
Net Assets 60,000,000
(45)
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12-3LLC Alternative
June 1 Cash 20 000 000
(46)
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12-3Revaluation of Assets
If the asset accounts do not reflect
approximate current market values
when a new partner is admitted, the
accounts should be adjusted
(47)
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Partners Dudi Lintang and Guntur
Margono have capital balances of
Rp35,000,000 and Rp25,000,000
respectively. The balance in
Merchandise Inventory
is Rp14,000,000
and the current replacement value is
Rp17,000,000. The partners share net
income equally.
(48)
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June 1 Merchandise Inventory 3 000 000
Dudi Lintang, Capital 1 500 000
Guntur Margono, Capital 1 500 000
12-3
(49)
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Example Exercise 12-3
Budi Nadera invested Rp45,000,000 in the Lestari & Kulsum partnership for ownership equity of Rp45,000,000. Prior to the investment land was revalued to a market value of
Rp260,000,000 from a book value of Rp200,000,000. Lila Lestari and Tami Kulsum share net income in a 1:2 ratio.
a. Provide the journal entry for the revaluation of land. b. Provide the journal entry to admit Nadera.
(50)
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Follow My Example 12-3
a. Land 60,000,000
Lila Lestari, Capital 20,000,000¹
Tami Kulsum, Capital 40,000,000²
¹Rp60,000,000 x l/3 ²Rp60,000,000 x 2/3
(51)
(52)
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On March 1, the partnership of Maryanti Juwita and Heni Kurniasari admit Arif Dunia
as a new partner. The assets of the old partnership are adjusted to current market values and the resulting capital balances for
12-3
(53)
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Juwita and Kurniasari agree to admit Dunia as a partner for Rp31,000,000.
In return, Dunia will receive a one-third equity in the partnership and will share income and losses equally
with Juwita and Kurniasari.
(54)
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Equity of Juwita Rp20,000,000 Equity of Kurniasari 24,000,000
Dunia’s Contribution 31,000,000 Total equity after admitting Dunia Rp75,000,000
Dunia’s interest (1/3 x $75,000) Rp25,000,000
Dunia’s contribution Rp31,000,000
(55)
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Mar. 1 Cash 31 000 000
Arif Dunia, Capital 25 000 000
Maryanti Juwita, Capital 3 000 000 Heni Kurniasari, Capital 3 000 000
The entry to record the admission of Dunia to the partnership is as follows:
12-3
(56)
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After adjusting the market values, the capital
balance of Juwita Cahyani is Rp80,000,000 and the capital balance of Sri Darmawan is Rp40,000,000.
Elisa Chairunisa receives a one-fourth interest in the partnership for a contribution of Rp30,000,000.
Before admitting Chairunisa, Cahyani and
12-3 Adjusting for New Partner’s
(57)
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Equity of Cahyani Rp 80,000,000 Equity of Darmawan 40,000,000
Chairunisa’s Contribution 30,000,000 Total equity after admitting Chairunisa Rp150,000,000
Chairunisa’s equity interest after admission x 25%
Chairunisa’s equity after admission Rp 37,500,000
Chairunisa’s contribution 30,000,000
Bonus paid to Chairunisa Rp 7,500,000
The bonus is computed as follows:
(58)
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June 1 Cash 30 000 000
Juwita Cahyani, Capital 5 000 000 Sri Darmawan, Capital 2 500 000
12-3
The entry to record the bonus and admission of Chairunisa to the partnership is as follows:
(59)
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12-3The entry to record the bonus and admission of Chou to the partnership is as follows:
June 1 Cash 30 000 000
Juwita Cahyani, Capital 5 000 000 Sri Darmawan, Capital 2 500 000
Elisa Chairunisa, Capital 37 500 000 2/3
xRp7,500,00 0
(60)
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12-3The entry to record the bonus and admission of Chou to the partnership is as follows:
June 1 Cash 30 000 000
Juwita Cahyani, Capital 5 000 000 Sri Darmawan, Capital 1/3 x 2 500 000
(61)
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12-3Withdrawal of a Partner
On June 1, the partnership of X, Y, and Z have capital balances of Rp50,000,000,
Rp80,000,000, and Rp30,000,000,
respectively. Z decides to retire from the partnership and sells his interest to Y for
(62)
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12-3The following entry is required to record Z selling his interest to Y.
June 1 Z, Capital 30 000 000
Y, Capital 30 000 000
Transfer ownership from Z to Y.
(63)
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12-3If Z had sold his interest
directly to the partnership, both
the assets and the owner’s
equity of the partnership would
have been reduced.
(64)
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Example Exercise 12-4
Luki has a capital balance of Rp45,000,000 after adjusting assets to fair market value. Cindy
contributes Rp26,000,000 to receive a 30% interest in a new partnership with Luki.
(65)
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Follow My Example 12-4
Equity of Luki Rp45,000,000
Cindy contribution 26,000,000
Total equity after admitting Cindy Rp71,000,000
Cindy’s equity interest x 30%
Cindy’s equity after admission Rp21,300,000
Cindy’s contribution Rp26,000,000 Cindy’s equity after admission 21,300,000 Bonus paid to Luki Rp 4,700,000
(66)
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Describe and illustrate
the accounting for
liquidating a
Objective 4
(67)
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When a partnership goes out
of business, the winding-up
process is called the
liquidation
of a partnership.
12-4
(68)
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12-4Liquidation Process
1. Sell the partnership assets. This step is called
realization.
2. Distribute any gains or losses from realization to the partners based upon their
income-sharing ratio.
3. Pay the claims of creditors using the cash from step 1 realization.
(69)
(70)
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Cash Rp11,000,000 Noncash Assets 64,000,000
Liabilities Rp 9,000,000 Juju Febriani, Capital 22,000,000
12-4
Liquidation Process
Febriani, Gilang, and Hasanah share income and losses in a ratio of 5:3:2. On April 9, after discontinuing
(71)
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Between April 10 and April 30, 2006,
Febriani, Gilang, and Hasanah sell all
noncash assets for Rp72,000,000.
Thus, a gain of Rp8,000,000
(Rp72,000,000
–
Rp64,000,000) is
realized.
12-4
(72)
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Balances before realization Rp11 000 000 Rp64 000 000 Rp9 000 000 Rp22 000 000 Rp22 000 000 Rp22 000 000 Sale of assets and division of gain +72 000 000 -64 000 000 0 4 000 000 2 400 000 1 600 000
Cash +
Noncash
Assets = Liabilities +
Capital Febriani
(50%) +
Gilang (30%) +
Hasanah (20%) Febriani, Gilang and Hasanah
Statement of Partnership Liquidation For Period April 10-30, 2008
(73)
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Cash 72 000 000
Noncash Assets 64 000 000
Gain on Realization 8 000 000
12-4
Step 1: Sale of assets
Entries to Record the Steps in the Liquidation Process
(74)
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Gain on Realization 8 000 000
Juju Febriani, Capital 4 000 000
Bayu Gilang, Capital 2 400 000
12-4
Step 2: Division of gain
Entries to Record the Steps in the Liquidation Process
(75)
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Liabilities 9 000 00
Cash 9 000 00
12-4
Step 3: Payment of liabilities
Entries to Record the Steps in the Liquidation Process
(76)
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Juju Febriani, Capital 26 000 000 Bayu Gilang, Capital 24 400 000 Anggi Hasanah, Capital 23 600 000
12-4
Step 4: Distribution of cash to partners
Entries to Record the Steps in the Liquidation Process
(77)
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Febriani, Gilang, and Hasanah
sell all noncash assets for
Rp44,000,000. A loss of
Rp20,000,000 (Rp64,000,000
–
Rp44,000,000) is realized.
12-4
(78)
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Cash 44 000 000
Loss on Realization 20 000 000
Noncash Assets 64 000 000
12-4
Step 1: Sale of assets
Entries to Record the Steps in the Liquidation Process
(79)
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Balances before realization Rp11 000 000 Rp64 000 000 Rp9 000 000 Rp22 000 000 Rp22 000 000 Rp22 000 000 Sale of assets and division of gain +44 000 000 -64 000 000 0 -10 000 000 -6 000 000 -4 000 000 Balances after realization Rp55 000 000 Rp 0 Rp9 000 000 Rp12 000 000 Rp16 000 000 Rp18 000 000 Payment of liabilities -9 000 000 0 -9 000 000 0 0 0 Balances after payment of liabilities Rp46 000 000 Rp 0 Rp 0 Rp12 000 000 Rp16 000 000 Rp18 000 000 Cash distributed to partners -46 000 000 0 0 -12 000 000 -16 000 000 -18 000 000 Final balances Rp 0 Rp 0 Rp 0 Rp 0 Rp 0 Rp 0
Febriani, Gilang and Hasanah Statement of Partnership Liquidation
For Period April 10-30, 2008
Liabilities +
Capital Febriani
(50%) +
Gilang (30%) +
Hasanah (20%) Cash +
Noncash Assets =
(80)
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Juju Febriani, Capital 10 000 000 Bayu Gilang, Capital 6 000 000 Anggi Hasanah, Capital 4 000 000
12-4
Step 2: Division of loss
Entries to Record the Steps in the Liquidation Process
(81)
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Liabilities 9 000 000
Cash 9 000 000
12-4
Step 3: Payment of liabilities
Entries to Record the Steps in the Liquidation Process
(82)
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Juju Febriani, Capital 12 000 000 Bayu Gilang, Capital 16 000 000 Anggi Hasanah, Capital 18 000 000
12-4
Step 4: Distribution of cash to partners:
Entries to Record the Steps in the Liquidation Process
(83)
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Example Exercise 12-5
Prior to liquidating their partnership, Toni and
Gendis had capital accounts of Rp50,000,000 and Rp100,000,000, respectively. The partnership assets were sold for Rp220,000,000. The partnership had Rp20,000,000 of liabilities. Toni and Gendis share income and losses equally. Determine the amount received by Gendis as a final distribution from
(84)
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Follow My Example 12-5
Gendis’s equity prior to liquidation Rp100,000,000 Realization of asset sale Rp220,000,000
Book value of assets (Rp50,000,000 +
Rp100,000,000 + Rp20,000,000) 170,000,000
Gain on liquidation Rp50,000,000
Gendis’s share of gain (50% x
Rp50,000,000) 25,000,000
(85)
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12-4Loss on Realization—Capital Deficiency
Febriani, Gilang, and Hasanah sell all of the noncash assets for Rp10,000,000. A loss of Rp54,000,000 (Rp64,000,000 – Rp10,000,000)
is realized. The share of the loss allocated to Febriani, Rp27,000,000 (50% of
Rp54,000,000), exceeds the Rp22,000,000 balance in her capital account. Febriani contributes Rp5,000,000 to the partnership.
(86)
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Balances before realization Rp11 000 000 Rp64 000 000 Rp9 000 000 Rp22 000 000 Rp22 000 000 Rp22 000 000 Sale of assets and division of gain +10 000 000 -64 000 000 0 -27 000 000 -16 200 000 -10 800 000 Balances after realization Rp21 000 000 Rp 0 Rp9 000 000 Rp(5 000 000) Rp5 800 000 Rp11 200 000 Payment of liabilities -9 000 000 0 -9 000 000 0 0 0
Febriani, Gilang and Hasanah Statement of Partnership Liquidation
For Period April 10-30, 2008
Liabilities +
Capital Febriani
(50%) +
Gilang (30%) +
Hasanah (20%) Cash +
Noncash Assets =
Loss on Realization— Capital Deficiency
(87)
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12-4Cash 10 000 000
Loss on Realization 54 000 000
Noncash Assets 64 000 000
(88)
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Juju Febriani, Capital 27 000 000 Bayu Gilang, Capital 16 200 000 Anggi Hasanah, Capital 10 800 000
Step: Payment of liabilities
(89)
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Step 3: Payment of liabilities
12-4
Liabilities 9 000 000
(90)
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12-4Receipt of deficiency
Cash 5 000 000
Juju Febriani, Capital 5 000 000
(91)
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Balances before realization Rp11 000 000 Rp64 000 000 Rp9 000 000 Rp22 000 000 Rp22 000 000 Rp22 000 000 Sale of assets and division of gain +10 000 000 -64 000 000 0 -27 000 000 -16 200 000 -10 800 000 Balances after realization Rp21 000 000 Rp 0 Rp9 000 000 Rp(5 000 000) Rp5 800 000 Rp11 200 000 Payment of liabilities -9 000 000 0 -9 000 000 0 0 0 Balances after payment of liabilities Rp12 000 000 Rp 0 Rp 0 Rp(5 000 000) Rp5 800 000 Rp11 200 000 Receipt of Deficiency 5 000 000 0 0 5 000 000 0 0 Balances Rp17 000 000 Rp 0 Rp 0 Rp 0 Rp5 800 000 Rp11 200 000 Cash distributed to partners -17 000 000 0 0 0 -5 800 000 -11 200 000 Final balances Rp 0 Rp 0 Rp 0 Rp 0 Rp 0 Rp 0
Febriani, Gilang and Hasanah Statement of Partnership Liquidation
For Period April 10-30, 2008
Liabilities +
Capital Febriani
(50%) +
Gilang (30%) +
Hasanah (20%) Cash +
Noncash Assets =
Loss on Realization— Capital Deficiency
12-4
(92)
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Bayu Gilang, Capital 5 800 000 Anggi Hasanah, Capital 11 200 000
Cash 17 000 000
12-4
(93)
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Example Exercise 12-6
Prior to liquidating their partnership, Sundari and Baskoro had capital accounts of Rp20,000,000 and Rp80,000,000, respectively. The partnership assets were sold for Rp40,000,000. The partnership had no liabilities. Sundari and Baskoro share income and losses equally.
a. Determine the amount of Sundari’s deficiency b. Determine the amount distributed to Baskoro
(94)
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Follow My Example 12-6
a. Sundari’s equity prior to liquidation Rp 20,000,000 Realization of asset sales Rp 40,000,000
Book value of assets 100,000,000 Loss on liquidation Rp 60,000,000
Sundari’s share of loss (50% x
Rp60,000,000) 30,000,000
Sundari’s deficiency Rp(10,000,000)
(95)
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Prepare the
statement of
partnership equity.
Objective 5
(96)
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12-5Statement of Partnership Equity
The change in the owners’
capital accounts for a period of
time is reported in a
statement
(97)
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Balance, January 1, 2008 Rp 245 000 000 Rp 365 000 000 Rp 610 000 000 Capital additions 50 000 000 000 000 50 000 000 Net income for the year 40 000 000 80 000 000 120 000 000 Less partner withdrawals (5 000 000) (45 000 000) (50 000 000) Balance, December 31, 2008 Rp 330 000 000 Rp4 000 000 000 Rp 730 000 000
Chandra capital
Investors Associates
Statement of Partnership Equity For the Year Ended december 31, 2008
Deny Kiranti, Capital Total Partnership Capital Statement of Partnership Equity 12-5
(98)
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Financial Analysis and Interpretation
KAP Shaleh & Banu had the following information for the last two years:
2008 2007
Revenues Rp220,000,000,000 Rp180,000,000,000 Number of employees 160 150
Revenue per Rp220,000,000,000
(99)
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Financial Analysis and Interpretation 12-5
The revenues per employee showed improvement in 2008. Thus, each employee is producing
more revenues in 2008, than in 2007, which may indicate
improved productivity. Overall, it appears the firm is properly
(1)
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Follow My Example 12-6
a. Sundari’s equity prior to liquidation Rp 20,000,000 Realization of asset sales Rp 40,000,000
Book value of assets 100,000,000 Loss on liquidation Rp 60,000,000
Sundari’s share of loss (50% x
Rp60,000,000) 30,000,000
Sundari’s deficiency Rp(10,000,000)
b. Rp40,000,000 Rp80,000,000 – Rp30,000,000 share of loss – Rp10,000,000. Sundari’s
(2)
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95 95
Prepare the
statement of
Objective 5
(3)
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12-5 Statement of Partnership EquityThe change in the owners’
capital accounts for a period of
time is reported in a
statement
(4)
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97 97
Balance, January 1, 2008 Rp 245 000 000 Rp 365 000 000 Rp 610 000 000 Capital additions 50 000 000 000 000 50 000 000
Chandra capital
Investors Associates
Statement of Partnership Equity For the Year Ended december 31, 2008
Deny Kiranti, Capital Total Partnership Capital Statement of Partnership Equity 12-5
(5)
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Financial Analysis and InterpretationKAP Shaleh & Banu had the following information for the last two years:
2008 2007
Revenues Rp220,000,000,000 Rp180,000,000,000 Number of employees 160 150
Revenue per
employee, 2008
=
Rp220,000,000,000
160 = Rp137,500,000
(6)
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99 99
Financial Analysis and Interpretation 12-5