Awe Company pays CU500,000,000 for a 30% interest in Groy Company on July 1, 19x2 when the book value of Groy Company's net assets equals fair value. Awe Company amortizes any goodwill from this investment over 20 years. Information related to Groy Company is as follows: 31 Desember 19x1 31 Desember 19x2 Share capital, nominal IDR 1,000 Rp600.000.000 Rp600.000.000 Retained earning 400.000.000 500.000.000 Total Shareholders' Equity 1.000.000.000 1.100.000.000 Net profit earned during the year 19x2 200.000.000 Dividend for the year 19x2 (paid on March 1 of Rp. 50,000,000 and September 1 of Rp. 50,000,000) 100.000.000 Required: calculate Awe Company's revenue from Groy Company for the year 19x2 (Key answer = Rp30%*Rp100.000.000 = Rp30.000.000)
Awe Company pays CU500,000,000 for a 30% interest in Groy Company on July 1, 19x2 when the book value of Groy Company's net assets equals fair value. Awe Company amortizes any
|
|
31 Desember 19x1 |
31 Desember 19x2 |
|
Share capital, nominal IDR 1,000 |
Rp600.000.000 |
Rp600.000.000 |
|
|
400.000.000 |
500.000.000 |
|
Total Shareholders' Equity |
1.000.000.000 |
1.100.000.000 |
|
Net profit earned during the year 19x2 |
|
200.000.000 |
|
Dividend for the year 19x2 (paid on March 1 of Rp. 50,000,000 and September 1 of Rp. 50,000,000) |
|
100.000.000 |
Required: calculate Awe Company's revenue from Groy Company for the year 19x2 (Key answer = Rp30%*Rp100.000.000 = Rp30.000.000)
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