Jawaban Asistensi 3
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Exercise 1 Convertible Bonds Fair Value of Convertible Bonds 10,000,000 Journal Less: Fair Value of Liability Component 10,000,000 0.48519 4,851,939 Cash 10,000,000 600,000 6.86408 4,118,449 Bonds Payable 8,970,388 Equity Component 1,029,612 Share Premium - Conversion Equity 1,029,612 Converted at maturity date Repurchased at January 1 20X2 Share Premium - Conversion Equity 1,029,612 FV Liability Component 10,750,000 Bonds Payable 10,000,000 CA Liability Component 9,121,404 Share Capital - Ordinary 1,000,000 Loss on repurchase 1,628,596 Share Premium - Ordinary 10,029,612 Converted at January 1 20X2 FV Convertible Bonds 11,500,000 Share Premium - Conversion Equity 1,029,612 FV Liability Component 10,750,000 Bonds Payable 9,121,404.47 FV of Equity 750,000 Share Capital - Ordinary 1,000,000 Share Premium - Ordinary 9,151,017 Share Premium - Conversion 750,000 Bonds Payable 9,121,404 Loss on Repurchase 1,628,596 Cash 11,500,000 Preference Shares Issuance Repurchase Cash 7,500,000 Share Capital - Preference 5,000,000 Share Capital - Preference 5,000,000 Share Premium - Conversion 2,500,000 Share Premium - Conversion Equity 2,500,000 Retained Earning 2,500,000 Conversion Cash 10,000,000 Share Capital - Preference 5,000,000 Share Premium - Conversion Equity 2,500,000 Share Capital - Ordinary 2,000,000 Share Premium - Ordinary 5,500,000 Share Warrants Fair Value of Bonds + Warrant 12,250,000 Journal Less: Fair Value of Liability Component 12,000,000 0.56743 6,809,122 Cash 12,250,000 1,200,000 3.60478 4,325,731 Bonds Payable 11,134,854
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Transcript of Jawaban Asistensi 3
Exercise 1Convertible BondsFair Value of Convertible Bonds 10,000,000 JournalLess: Fair Value of Liability Component 10,000,000 0.48519 4,851,939 Cash 10,000,000600,000 6.86408 4,118,449 Bonds Payable 8,970,388Equity Component 1,029,612 Share Premium - Conversion Equity 1,029,612Converted at maturity date Repurchased at January 1 20X2Share Premium - Conversion Equity 1,029,612 FV Liability Component 10,750,000Bonds Payable 10,000,000 CA Liability Component 9,121,404Share Capital - Ordinary 1,000,000 Loss on repurchase 1,628,596Share Premium - Ordinary 10,029,612Converted at January 1 20X2 FV Convertible Bonds 11,500,000Share Premium - Conversion Equity 1,029,612 FV Liability Component 10,750,000Bonds Payable 9,121,404.47 FV of Equity 750,000Share Capital - Ordinary 1,000,000Share Premium - Ordinary 9,151,017 Share Premium - Conversion 750,000Bonds Payable 9,121,404Loss on Repurchase 1,628,596Cash 11,500,000Preference SharesIssuance RepurchaseCash 7,500,000 Share Capital - Preference 5,000,000Share Capital - Preference 5,000,000 Share Premium - Conversion 2,500,000Share Premium - Conversion Equity 2,500,000 Retained Earning 2,500,000Conversion Cash 10,000,000Share Capital - Preference 5,000,000Share Premium - Conversion Equity 2,500,000Share Capital - Ordinary 2,000,000Share Premium - Ordinary 5,500,000Share WarrantsFair Value of Bonds + Warrant 12,250,000 JournalLess: Fair Value of Liability Component 12,000,000 0.56743 6,809,122 Cash 12,250,0001,200,000 3.60478 4,325,731 Bonds Payable 11,134,854Equity Component 1,115,146 Share Premium - Share Warrants 1,115,146
ExerciseCash 600,000Share Premium - Share Warrants 557,573 >kalo sisanya ga diexercise di transfer ke share premium ordinaryShare Capital - Ordinary 300000Share Premium - Ordinary 857,573Share Option PlansGrant Date - January 4 20X2 Exercise Date(no entry) Cash 5,625,00031 December 20X2, 20X3 & 20X4 Share Premium - Share Option 11,250,000Compensation Expense 5,000,000 Share Capital - Ordinary 5,000,000Share Premium - Share Option 5,000,000 Share Premium - Ordinary 11,875,000Expiration DateShare Premium - Share Option 3,750,000Share Premium - Expired 3,750,000Restricted SharesGrant Date - June 31 20X2 ForfeitedUnearned Compensation 6,600,000 Share Capital - Ordinary 3,000,000Share Capital - Ordinary 3,000,000 Share Premium - Ordinary 3,600,000Share Premium - Ordinary 3,600,000 Compensation Expense 1,100,000December 31 20X2 Unearned Compensation 5,500,000Compensation Expense 1,100,000Unearned Compensation 1,100,000Weighted Average Shares OutstandingDates Outstanding Shares Out Restatement Fraction Weighted SharesJan 1 - Feb 28 30000 2 1/6 10,000Feb 29 - 30 April 50000 2 1/6 16,667May 1 - July 30 45000 2 1/4 22,500July 31 - 30 Sept 55000 2 1/6 18,3331 Oct - Dec 31 110000 1/4 27,500Weighted Average Shares Outstanding 95,000Earning Per Share15,000,000 - (400,000 x 75%)Basic EPS 153.684 Diluted EPS 115.2195000
Diluted Effect720,000Convertible Bonds 7210,000400,000Convertible Preference 2002,000-Share Warrants 022,500
Exercise 2 Homework 2Preference shares dividend 106250 a. Weighted average shares outstandingBasic EPS 1,500,000 - 106,250 Date Shares Outstading Fraction average shares1.393751,000,000 1 jan-1 Apr 220,000 3/12 55,000Dilutive Effect 1 apr - 1 sept 240,000 5/12 100,000Convertible Bonds 1 sep - 31 des 210,000 4/12 70,0007% x 5,000,000 x 60% b. basic EPS0.84250000 900,000 - 140,0003.378Options 225,0000 Effect025,000 OptionsProceed from exercise 00Share issued 100,000 6,000T/S purchased 75,000 Proceed from exerciseIncremental share outstanding 25,000 Share issued 30,000Diluted EPS 1,500000-106,250+210,000+0 T/S purchased 24,0001.25781,000,000+250,000+25,000 Incremental share outstanding 6,000Convertible PSHomework 1 7 x 20,0002.331/1/2007 No Entry 20,000 x 31/2/2007 No entry Convertible Bonds12/31/2007 Compensation Expense 650,000 8% x 2,000,000 x 60%2.4Share Premium - Share Options 650,000 40,00012/31/2008 Compensation Expense 650,000 Diluted EPSShare Premium - Share Options 650,000 9960003.011/2/2009 Cash 1,920,000 331000Share Premium - Share Option 1,040,000Share Capital Ordinary 480,000Share Premium Ordinary 2,480,000Share Premium - Share Option 260,000Share Premium - expired 260,000
