Permata Corporation acquired 60% of Akik Corporation on January 1, 2019, at a cost of Rp2,000,000,000 in excess of book value. Also, on July 1, 2019, Permata acquired 60% of Berlian Corporation at book value. On January 1, 2020, Akik acquired a 20% interest in Berlian at a cost of Rp1,000,000,000 in excess of book value. The excess purchase costs paid by Permata and Akik were attributed to goodwill. At the beginning of 2020, Permata sold land with a book value of Rp20,000,000 to Akik for Rp40,000,000. Akik still possessed the land at the end of 2020. Separate net incomes for the affiliated companies (excluding investment income) for 2020 were: Permata Rp250,000,000 Akik 70,000,000 Berlian 100,000,000 Required: Calculate the share of controlling interest and noncontrolling interest for the year of 2020.
Permata Corporation acquired 60% of Akik Corporation on January 1, 2019, at a cost of
Rp2,000,000,000 in excess of book value. Also, on July 1, 2019, Permata acquired 60% of Berlian Corporation at book value. On January 1, 2020, Akik acquired a 20% interest in Berlian at a cost of Rp1,000,000,000 in excess of book value. The excess purchase costs paid by Permata and Akik were attributed to
At the beginning of 2020, Permata sold land with a book value of Rp20,000,000 to Akik for
Rp40,000,000. Akik still possessed the land at the end of 2020. Separate net incomes for the affiliated companies (excluding investment income) for 2020 were:
Permata Rp250,000,000
Akik 70,000,000
Berlian 100,000,000
Required:
Calculate the share of controlling interest and noncontrolling interest for the year of 2020.
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