高级财务会计（英文版第13版）课件 第9章 间接持股与相互持股

AdvancedAccountingThirteenthEditionChapter9IndirectandMutualHoldingsCopyright©2018,2015,2012PearsonEducation,Inc.AllRightsReservedIndirectandMutualHoldings:Objectives9.1Prepareconsolidatedstatementswhenaparent

companycontrolsasubsidiarycompanythroughindirectholdings.9.2Applyconsolidationprocedurestothespecialcaseof

mutualholdings.IndirectHoldingsIndirectandMutualHoldingsTypesofIndirectHoldingsFather-son-grandsonParentSubsidiaryASubsidiaryB70%80%Parentowns80%ofA,andthroughA,56%ofB(80%x70%).ConnectingAffiliates40%ParentSubsidiaryASubsidiaryB20%80%Parentowns80%ofA,20%ofB,andthroughAanadditional32%ofB(80%x40%).Parentownsatotalof52%ofB.EquityMethodforFather-Son-GrandsonHoldingsSonappliesequitymethodforInvestmentinGrandson.FatherappliesequitymethodforInvestmentinSon.Controllinginterestshareofconsolidatednetincomeincludes:SharefordirectholdingofsonShareforindirectholdingofgrandson(byfatherthroughson)Example:Father-Son-GrandsonOn1/1/16Popacquires80%ofSon.On1/1/17Sonacquires70%ofToy.Earningsanddividendsfor2017:BlankPopSonToySeparateearnings$100$50$40Dividends603020EquityMethodEntriesSonAPPLIESEQUITYMETHOD(70%)

blank

blankCash(+A)14

InvestmentinToy(-A)

blank14InvestmentinToy(+A)28

blankIncomefromToy(R,+SE)

blank28fordividendsandforincome

blank

blankPopAPPLIESEQUITYMETHOD(80%)

blank

blankCash(+A)24

blankInvestmentinSon(-A)

blank24InvestmentinSon(+A)62.4

blankIncomefromSon(R,+SE)

blank62.4fordividendsandforincome=80%x(50+28)

blank

blankAllocationstoCIandNCIblankPopSonToyCI

NCITotalSeparateincome100.050.040.0blankblank190.0

AllocateblankblankblankblankblankblankToy➔70%Son:30%NCIblank28.0(40.0)blank12.0blankSon➔80%Pop:20%NCI62.4(78.0)blankblank15.6blankPop's➔100%CI(162.4)blankblank162.4blankblankConsolidatednetincomeblankblankblank162.427.6190.0Thisallocationmaylooklikethe"step-downmethod"allocationpresentedincostaccountingtexts.Mathematicallyitis!AllocationResultsblankPopSonToyCI

NCI

TotalSeparateincome100.050.040.0blankblank190.0AllocateblankblankblankblankblankblankToy➔70%Son:30%NCIblank28.0(40.0)blank12.0blankSon➔80%Pop:20%NCI62.4(78.0)blankblank15.6blankPop's➔100%CI(162.4)blankblank162.4blankblankConsolidatednetincomeblankblankblank162.427.6190.0Onseparateincomestatements:Pop'snetincome=$162.4Son's"IncomefromToy"=$28.0Pop's"IncomefromSon"=$62.4Forconsolidatedstatements:Noncontrollinginterestshare=12.0+15.6=$27.6IndirectHoldingswithConnectingAffiliates(1of2)IndirectholdingswithconnectingaffiliatesHandlesimilartoFather-son-grandson,butFatherhasdirectholdingsinbothSonandGrandsonExample:Petholds70%ofSaland60%ofTie.Salholdsanadditional20%ofTie.

blankPetSalTieSeparateincome$70$35$20Dividends402010IndirectHoldingswithConnectingAffiliates(2of2)Intercompanyprofittransactions:Downstream:PetsoldSallandwithagainof$10.ThiswillbefullyattributedtoPet.Upstream:Salsold$15inventorytoPet,andPetholdsendinginventorywithunrealizedprofitof$5.ThiswillbeallocatedbetweenPetandNCI.CalculatingInvestmentBalancesSalblankblankUnderlyingequityJan1Dec31Capitalstock200200Retainedearnings5069Goodwill1212Unrealizedprofitininventoryblank(5)Subtotal(split70:30)blank276Unrealizedprofitonlandblank(10)Total262266Split70%:30%blankblankInvestmentinSal(70%)183.4183.2*(70%x276)-10=183.2blankblankNoncontrollinginterest

(30%)78.682.8*30%x276=82.8blankblankTieblankblankUnderlyingequityJan1Dec31Capitalstock100100Retainedearnings8090Goodwill1212Total192202Split60%:20%:20%blankblankInvestmentinTie(60%)115.2121.2InvestmentinTie(20%)38.440.4Noncontrollinginterest(20%)38.440.4SeparateIncomePetSalTieCINCITotalSeparateincome

70.035.020.0blankblank125.0Unrealized$5profitoninventory(upstream)blank(5)blankblankblank(5)Unrealized$10gainonland(downstream)(10)blankblankblankblank(10)Allocate:blankblankblankblankblankblankTie➔60%Pet:20%Sal:20%NCI

12.04.0(20.0)blank4.0blankSal➔70%Pet:30%NCI23.8(34.0)blankblank10.2blankPet➔100%CI(95.8)blankblank95.8blankblankConsolidatednetincomeblankblankblank95.814.2110.0Dividenddistributions:blankblankblankblankblankblankTie➔60%Pet:20%Sal:20%NCI62(10)blank2blankSal➔70%Pet:30%NCI14(20)blankblank6blankPet➔100%CI(40)blankblank40blankblankSal'sIncomefromTie=$4.0Pet'sIncomefromTie=$12.0Pet'sIncomefromSal=$23.8-$10unrealizedgain=$13.8WorksheetEntries(1of3)Sales(-R,-SE)15.0

blankCostofsales(-E,+SE)

blank15.0Costofsales(+E,-SE)5.0

blankInventory(-A)

blank5.0Gainonland(-Ga,-SE)10.0

blankPlantassets(-A)

blank10.0IncomefromTie(-R,-SE)16.0

blankDividends(+SE)

blank8.0InvestmentinTie(-A)

blank8.0bothSal's20%andPet's80%

blank

blankNCIshare,Tie(-SE)4.0

blankDividends(+SE)

blank2.0NCI,Tie(+SE)

blank2.0WorksheetEntries(2of3)IncomefromSal(-R,-SE)13.8

blankInvestmentinSal(+A)0.2

blankDividends(+SE)

blank14.0including10unrealizedgainonland

blank

blankNCIshare,Sal(-SE)10.2

blankDividends(+SE)

blank6.0NCI,Sal(+SE)

blank4.2Capitalstock,Tie(-SE)100.0

blankRetainedearnings,Tie(-SE)80.0

blankGoodwill(+A)12.0

blankInvestmentinTie(Sal&Pet’s)(-A)

blank153.6NCI,Tie(+SE)

blank38.4Capitalstock,Sal(-SE)200.0

blankRetainedearnings,Sal(-SE)50.0

blankGoodwill(+A)12.0

blankInvestmentinSal(-A)

blank183.4NCI,Sal(+SE)

blank78.6ConsolidationWorksheet(1of3)IncomestatementPetSalTieDRCRConsolSales200.0150.0100.015.0

blank435.0IncomefromSal13.8

blank

blank13.8

blank0.0IncomefromTie12.04.0

blank16.0

blank0.0Gainonland10.0

blank

blank10.0

blank0.0Costofsales(100.0)(80.0)(50.0)5.015.0(220.0)Otherexpenses(40.0)(35.0)(30.0)

blank

blank(105.0)NCIshare,Sal

blank

blank

blank10.2

blank(10.2)NCIshare,Tie

blank

blank

blank4.0

blank(4.0)Controllinginterestshare95.839.020.0

blank

blank95.8ConsolidationWorksheet(2of3)StatementofretainedearningsPetSalTieDRCRConsolBeginningretainedearnings223.050.080.080.050.0

blank223.0

Addnetincome95.839.020.0

blank

blank95.8Deductdividends(40.0)(20.0)(10.0)

blank8.02.014.06.0

(40.0)Endingretainedearnings278.869.090.0

blank

blank278.8BalancesheetPetSalTieDRCRConsolOtherassets50.619.685.0

blank

blank155.2Inventories50.040.015.0

blank5.0100.0Plantassets,net400.0200.0100.0

blank10.0690.0InvestmentinSal(70%)183.2

blank

blank0.2183.40.0InvestmentinTie(60%,20%)121.240.4

blank

blank8.0153.60.0

Goodwill

blank

blank

blank12.012.0

blank

24.0Total805.0300.0200.0

blank

blank969.2ConsolidationWorksheet(3of3)

BlankPetSalTieDRCRConsolLiabilities126.231.010.0

blank

blank167.2Capitalstock400.0200.0100.0100.0200.0

blank

400.0Retainedearnings278.869.090.0

blank

blank278.8Noncontrollinginterest

blank

blank

blank

blank2.04.238.478.6123.2Total805.0300.0200.0

blank

blank969.2MutualHoldingsIndirectandMutualHoldingsTypesofMutualHoldingsParentmutuallyownedParentSubsidiaryA80%10%Parentowns80%ofAandtheconsolidatedentityholds10%oftheParent’scommonstockintreasury.ConnectingaffiliatesmutuallyownedParentSubsidiaryA\SubsidiaryB20%20%Parentowns80%ofAand20%ofB.SubsidiaryAhas40%ofBandSubsidiaryBhas20%ofA.Simultaneousequationswillbeused.40%80%ApproachesforMutualHoldingsTwogeneralapproachesTreasurystockapproachConventionalapproachIfparentstockisheldbysubsidiaryUseeitherthetreasurystockortheconventionalapproachIfsubsidiarystockismutuallyheldUsetheconventionalapproachonlyTreasuryStockorConventionalTreasurystockmethodTreatsparentmutuallyheldstockastreasurystockParenthasfewersharesoutstanding"Interdependency"assumedeliminatedbytreasurystocktreatmentConventionalmethodformutualholdingTreatsstockasretiredParenthasfewersharesoutstandingSimultaneoussetofequationsFullyrecognizesinterdependenciesParentStockMutuallyHeldOneormoreaffiliatesholdsparentcompanystock.TreasurystockmethodRecognizetreasurystockatcostofsubsidiary'sinvestmentinparentReduceInvestmentinsubsidiaryConventionalmethodParenttreatsstockasretired,reducingcommonstock,andadditionalpaidincapitalorretainedearningsReduceInvestmentinsubsidiaryComparisonBothmethodsreduceIncomefromSubsidiaryfortheparentdividendspaidtosubsidiaryMethodsresultindifferent:EquityaccountsTreasurystockRetiredcommonstockConsolidatedretainedearningsNoncontrollinginterestTreasuryStockMethod-DataPamowns90%ofSunacquiredatfairvalueequaltocost,nogoodwill.Sunowns10%ofPam.Atthestartof2016:InvestmentinSun,$270Sun'stotalstockholders'equityCommonstock$200Retainedearnings$100During2016,Separateincome:Pam$60,Sun$40Dividends:Pam$30,Sun$20PamUsesTreasuryStockMethodAllocationsofincometoCIandNCI:

blankPamSunCINCITotalSeparateIncome60.040.0

blank

blank100.0Dividendincome(3.0)3.0

blank

blank

blankAllocate

blank

blank

blank

blank

blankSun➔90%Par:10%38.7(43.0)

blank4.3

blankPam➔100%CI(95.7)

blank95.7

blank

blankTotals

blank

blank95.74.3100.0Controllinginterestshare$95.7Noncontrollinginterestshare$4.3Pam'sIncomefromSun$38.7–3.0=$35.7Pam'sEquityMethodEntries(1of2)Inplaceofthelastentry,Pamcouldrecorditsdividenddirectlyas:Cash(+A)18.0

blankInvestmentinSun(-A)

blank18.0fordividends

blank

blankInvestmentinSun(+A)38.7

blankIncomefromSun(+R,+SE)

blank38.7forincome

blank

blankIncomefromSun(-R,-SE)3.0

blankDividends(+SE)

blank3.0forPamdividendspaidtoSun

blank

blankDividends(-SE)27.0

blankIncomefromSun(-R,-SE)3.0

blankCash(-A)

blank30.0WorksheetEntries(3of3)IncomefromSun(-R,-SE)35.7

blankDividends(+SE)

blank18.0InvestmentinSun(-A)

blank17.7Noncontrollinginterestshare(-SE)4.3

blankDividends(+SE)

blank2.0Noncontrollinginterest(+SE)

blank2.3Commonstock(-SE)200.0

blankRetainedearnings(-SE)130.0

blankInvestmentinSun(-A)

blank297.0Noncontrollinginterests(+SE)

blank33.0Treasurystock(-SE)70.0

blankInvestmentinPam(-A)

blank70.0ParentMutuallyHeld-DataPamowns90%ofSunacquiredatfairvalueequaltocost,nogoodwill.Sageowns10%ofPark.Atthestartof2016:InvestmentinSun,$226,154InvestmentinPam,$70,000Noncontrollinginterest,$33,846Sun'stotalstockholders'equitywas$200,000CSand$100,000REDuring2016,Separateincome:Pam$60,000,Sun$40,000Dividends:Pam$30,000(including$3,000paidtoSun),Sun$20,000Investmentandnoncontrollinginterest=226,154+33,846equalsunderlyingequitylessmutualholding=200,000+130,000-70,000.PamUsesConventionalMethodAllocationinformation:

blankPamSunCINCITotalSeparateIncome$60,000$40,000

blank

blank$100,000Sun'sallocation.90S

blank

blank.10S

blankPam'sallocation

blank.10P.90P

blank

blankEquations:P=$60,000+.9SS=$40,000+.1PCIshare=.9PNCIshare=.1SSolved,substituting2ndequationinto1st:P=105,495S=50,550CIshare=94,945NCIshare=5,055Conventionalmethodisanalogoustoreciprocalcostallocationmethod.NoteonResults:Results:P=105,495S=50,550CI=94,945NCI=5,055CI+NCI=$100,000,thetotalseparateincomePam'sIncomefromSun=.9S-.1P=$34,94590%ofSun'sincome–10%mutualholdingCI=Pam'sseparateincome+IncomefromSun$60,000+$34,945=$94,945(asacheck!)Pam'sEquityMethodEntries(2of2)Cash(+A)18,000

blankInvestmentinSun(-A)

blank18,000fordividends

blank

blankInvestmentinSun(+A)34,945

blankIncomefromSun(R,+SE)

blank34,945forincome

blank

blankInvestmentinSun(+A)3,000

blankDividends(-SE)

blank3,000forPamdividendspaidtoSun

blank

blankWorksheetEntries-ConventionalIncomefromSun(-R,-SE)34,945

blankDividendIncome(-R,-SE)3,000

blankDividends(+SE)

blank18,000InvestmentinSun(-A)

blank19,945Noncontrollinginterestshare(-SE)5,055

blankDividends(+SE)

blank2,000Noncontrollinginterest(+SE)

blank3,055Commonstock(-SE)200,000

blankRetainedearnings(-SE)130,000

blankInvestmentinSun(-A)

blank296,154Noncontrollinginterests(+SE)

blank33,846InvestmentinSun(+A)70,000

blankInvestmentinPam(-A)

blank70,000SubsidiaryStockMutuallyHeldSubsidiariesholdstockineachother:UseconventionalapproachTreasurystockmethodisnotappropriate.Itisnotparent'sstock.Sub