Did the PT Papa acquisition transaction generate goodwill? If so, what amount of goodwill will be generated from the acquisition? 2.) What is the journal made by PT Papa regarding the acquisition of PT Soni on January 1, 2019? 3) If PT Papa provided Rp. 3 billion in cash in order to acquire 100% of PT Soni's shares, what was the journal that PT Papa made of the acquisition of PT Soni on January 1, 2019?
2) On January 1, 2019, PT Papa provided cash of Rp. 3 billion to acquire PT Soni's net assets. PT Papa incurs additional costs for the acquisition, namely: The appraisal fee for valuing PT Soni is IDR 150,000,000 Legal fee for transfer of assets Rp90,000,000 The following is the book value and fair value of PT Soni's assets, liabilities and equity in the
PT Soni
Statement of financial position
January 1, 2019
Carrying Amount Fair Value
Kas 60.000.000 60.000.000
Inventory 390.000.000 540.000.000
Land 240.000.000 600.000.000
Building & Machine 1.950.000.000 1.500.000.000
Acc
Patent 150.000.000 120.000.000
Total Assets 2.100.000.000 3.030.000.000
Account payable 300.000.000 330.000.000
Bond payable 600.000.000 600.000.000
Share Capital 600.000.000 -
Paid in capital 300.000.000 -
2.100.000.000
Requested
1) Did the PT Papa acquisition transaction generate
2.) What is the journal made by PT Papa regarding the acquisition of PT Soni on January 1, 2019?
3) If PT Papa provided Rp. 3 billion in cash in order to acquire 100% of PT Soni's shares, what was the journal that PT Papa made of the acquisition of PT Soni on January 1, 2019?
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