FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Shareholders' equity of PT. Ivan as of December 31, 19x1 consists of:

Share capital, nominal IDR 10,000, 45,000 shares issued and outstanding

Rp450.000.000

Additional paid-in capital

150.000.000

Retained earning

200.000.000

Total shareholder equity

800.000.000

On January 1, 19x2 Monalysa Co purchased 15,000 shares which had never been issued before, directly from Selly Co at a price of RP400,000,000

Requested: (Show step by step)

  1. Calculate Monalysa Co's percentage ownership in Selly Co (Key answer : 25%)
  2. Determine the goodwill of Monalysa Co's investment in Selly Co (Key answer Rp100.000.000)
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